At December 31, 2022, the balance in Oriole Ltd.'s retained earnings account was $420000. During 2023, Oriole had the following transactions: Acquired 5200 common shares at $26 a share and cancelled them. The shares are no par and had originally been issued for $23 per share. Reported net income of $148000. The balance in retained earnings at December 31, 2023 would be O $568000. O $583600. O $552400. O $609600.

At December 31, 2022, the balance in Oriole Ltd's retained earnings account was $420000. During 2023 , Orlole had the following transactions: Acquired 5200 common shares at $26 a share and cancelled them. The shares are no par and had originally been issued for $23 pershare. Reported net income of $148000. The balance in retained earnings at December'31, 2023 would be $568000. $583600. $552400. $609600