At December 31, 2018, Laurier Limited, had the following shareholders equity:

Common shares, 75,000 issued	$300,000
Retained earnings	$750,000

During 2019, the following events occurred:

• On February 1, the company declared and paid a $0.50 cash dividend.
• On June 10, the company split the common shares two for one.
• On December 1, the company declared and paid a $0.40 cash dividend.
• At December 31, the company reported a loss of $106,000 for the year.

At December 31, 2019, the balance of retained earnings is

Question 42 options:

	$546,500
	$576,500
	$620,000
	$380,000
	None of the above