14. Calculate ending retained earnings as of 12/31/19 from the below information from 2019. Not all amounts will be used. . Accounts receivable $850,000 Depreciation expense $2,225,000 Dividends declared and paid $2,500,000 Net income $4,250,000 Treasury stock $375,000 Beg. Retained earnings 12/31/18 $7,520,500 Accumulated depreciation $1,375,000