Question $5$

RETURN TO ASSIGNMENT

For the year ended December $31,2025,$ Blossom Inc. reported the following:

Net income $$495000$

Preferred dividends declared $73000$

Common dividends declared $23000$

Unrealized holding loss, net of tax $8000$

Retained earnings, beginning balance $645000$

Common stock $348000$

Accumulated other comprehensive income,

beginning balance $($net gains$)33000$

What would Blossom report as the ending balance of Retained Earnings?

$$1044000$

$$1075000$

$$1036000$

$$1117000$