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Cullumber Construction Company earned $483,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If

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Cullumber Construction Company earned $483,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $845,236 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016? Balance of retained earnings, July 1, 2016

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