eBook Brief Exercise 10-52 Retained Earnings Titanic Corporation's net income for the year ended December 31, 2019, is $380,000. On June 30, 2019, a $0.75 per share the dividend was dedared for all common stockholders. Common stock in the amount of 36,000 shares was outstanding at the time. The market price of Titanic's stock year and (12/31/19) is 518 per share, Titanic had a $1,100,000 credit balance in retained earnings at December 31, 2018 Required: Calculate the ending balance (12/31/19) of retained earnings