$400,000 2,000,000 2.500.000 $4.000.000 The balance short of Happy Company included the following burcholders equity accounts at December 31, 2020 Common stock, 400,000 shares at 31 par Paid in capitales of par Retained carinp Total shareholder ty During 2021, the following transactions oecurred: 1.On May 3, 2021, a 5-for-4 stock uplit was declared and distributed. The stock split was effected in the form of a 25% stock dividend The market value of the 51 par common stock was $10 per shu 2.On July 5, 2021, 5% common stock dividend was declared and distributod. The market value of the common stock was 5% per shure On December 1, 2021, the board of director declared a cash dividerid of $0.4 per share on its common shares, payable on December 28 to shacholders Anuming net income is 5900,000 for year 2021 and large stock dividend does not affect retained earnings, what is the balance of retained comings shown on December 31, 2001 bulance sheet! $3,000,000 $3,165.000 52.990.000