At January 1, 2022, Blue Corporation had a credit balance of $3,050,000 in its retained earnings account. During the year, Blue paid $275,000 in dividends, reported net income o $420,000 and other comprehensive income of $750,000. The December 31 balance of retained earnings is: Select one: O $2,445,000. $3,945,000. O $2,775,000 $3,195,000 Clear my choice