For the year ended January 31, 2020, Thomas Corporation's had the following information: Opening Retained Earnings $450,000 Total Revenue $712,000 Total Expenses $640,800 Preferred Shares Dividends $26,000 Common Shares Dividends $39,000 Do not enter dollar signs or commas in the input boxes, Using the information given, calculate the balance of retained earnings at the end of the year. Thomas Corporation Statement of Retained Earnings For the Month Ended January 31, 2020 Opening Balance Net Income Less: Preferred Shares Dividends $ Less: Common Shares Dividends $ Balance - January 31, 2020