At the beginning of 2021, Sheffield Corp. had retained earnings of $330000. During the year Sheffield reported net income of $74100, sold treasury stock at a gain of $27100, declared a cash dividend of $45100, and declared and issued a small stock dividend of 1400 shares ($10 par value) when the fair value of the stock was $30 per share. The amount of retained earnings available for dividends at the end of 2021 was: $363200. $317000. $32260. $338000.