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 three 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 15 options:

$546,500

$576,500

$620,000

$380,000

None of the above