Blackboard X X WEE Remaining Time: 2 hours, 04 minutes, 35 seconds. Question Completion Status: A Moving to another question will save this response. Question 25 of 2- Question 25 8 points w 3. (8 points) As of December 31, 2021. Warner Corporation reported the following Treasury stock 600,000 Pald-in capital-share repurchase 20,000 Common stock and other paid-in capital accounts 4,000,000 Retained earnings 3,000,000 During 2022, half of the treasury stock was resold for $240,000 net income was $600,000, cash dividends declared were $1,500,000, and stock dividends declared were 5500,000 Required: What is the balance in Retained Earnings Account on December 31, 2022 (show calculations