Current Attempt in Progress

Pharoah Company reported retained earnings at December $31,2021,$ of $$314,500.$ Pharoah had $201,000$ shares of common stock

outstanding at the beginning of $2022.$

The following transactions occurred during $2022.$

$1$ A cash dividend of $$0\mathrm{.}35$ per share was declared and paid.

A $10\%$ stock dividend was declared and distributed when the market price per share was $$16$ per share.

Net income was $$288,000.$

Compute the ending balance in retained earnings at the end of $2022.$