Question: On January 1 , 2 0 2 2 , Tamarisk, Inc. had retained earnings of $ 4 9 8 , 0 0 0 . During

On January 1,2022, Tamarisk, Inc. had retained earnings of $498,000. During the year, Tamarisk had the following selected transactions.
Declared cash dividends $130,000.
Earned net income $342,000.
Declared stock dividends $64,000.
Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.)
Tamarisk, Inc.
Retained Earnings Statement
For the Year Ended December 31,2022
On January 1,2022, Tamarisk, Inc. had retained earnings of $498,000. During

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