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At January 1, 2022 Shettield Corporation had a credit balance of $377000d in its retained earnings account. During the year, Sheffield paid $275000 in dividends

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At January 1, 2022 Shettield Corporation had a credit balance of $377000d in its retained earnings account. During the year, Sheffield paid $275000 in dividends reported net income of $419000 and other comprehensive income of 5751000, The December 31 balance of retained varnings is a $3.495.000 OD 465.000 OC53163,000 Od $3.914,000

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