Exercise 11-17 On January 1, 2019, Splish Brothers Inc. had retained earnings of $506,000. During the year, Splish Brothers had the following selected transactions. 1. Declared cash dividends $132,000. 2. Earned net income $351,000. 3. Declared stock dividends $66,000. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.) Splish Brothers Inc. Retained Earnings Statement Click if you would like to Show Work for this question: Open Show Work