Clothing Emporium was organized on January 1, 2024. The firm was authorized to issue 250,000 shares of $5 par value common stock. During 2024, Clothing Emporium had the following transactions relating to stockholders' equity: 1.Issued 50,000 shares of common stock at $7 per share. 2.Issued 30,000 shares of common stock at $8 per share. 3.Reported a net income of $200,000. 4.Paid dividends of $100,000. What is the ending balance in the Retained Earnings account at the end of 2024 ? $150,000$370,000$420,000$100,000