Cat's has 41,800 shares of stock outstanding with a par value of $1 per share and a market value of $13.57 per share. The balance sheet shows $41,800 in the common stock account, $247,900 in the capital in excess of par value account, and $308,500 in retained earnings. The firm just announced a large stock dividend of 50 percent. What is the value of the retained earnings account after the dividend?