Financial data for Lifecycle Fashion is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31,2022 and use your constructed statement to answer the following 5 questions (i.e., 26 through 30). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on the company's balance sheet - use cash as a plug figure to balance the balance sheet. 30. Lifecycle Fashion reported net income for 2022 of $1,038,200 and the company paid dividends of $1.75 per share in 2022. Given this information (along with the data provided above), compute what Lifecycle Fashion reported as retained earnings on its December 31, 2021 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2021 and December 31, 2022)