Context Corporation reports the following components of stockholders equity on December 31, 2011.

Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding	$	400,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		400,000
Total stockholders' equity	$	870,000

In year 2012, the following transactions affected its stockholders equity accounts.
Jan.	1		Purchased 5,000 shares of its own stock at $20 cash per share.
Jan.	5		Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.
Feb.	28		Paid the dividend declared on January 5.
July	6		Sold 1,875 of its treasury shares at $24 cash per share.
Aug.	22		Sold 3,125 of its treasury shares at $17 cash per share.
Sept.	5		Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct.	28		Paid the dividend declared on September 5.
Dec.	31		Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

2.	Prepare a statement of retained earnings for the year ended December 31, 2012. (Amounts to be deducted should be indicated by a minus sign. Omit the "$" sign in your response.)

CONTEXT CORPORATION Statement of Retained Earnings For Year Ended December 31, 2012
Retained earnings, Dec. 31, 2011	$
(Click to select) Add: Net income Less: Net loss
(Click to select) Add: Cash dividends declared Less: Cash dividends declared Less: Treasury stock reissuances Common dividend payable Add: Treasury stock reissuances
(Click to select) Common dividend payable Add: Treasury stock reissuances Less: Cash dividends declared Add: Cash dividends declared Less: Treasury stock reissuances
Retained earnings, Dec. 31, 2012	$