CALCULATOR MESSAGE MYINSTRUCTORN Exercise 14-08 On January 1, 2020, Grane Corporation had retained earmnings of $542,000. During the year, Crane had the following 1. Declared cash dividends $122,000. 2. Corrected overstatement of 2019 net income because of inventory error $41,000. 3. Earned net income $346,000. 4. Dedlared stock dividends $61,000 Determine the retained earnings balance at the end of the year. Retained earnings Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: Unlimited MacBook Air 4 0