For the year ended October 31, 2020, Clayton Corporation's had the following information: Opening Retained Earnings $450,000 Total Revenue $644,000 Total Expenses $579,600 Preferred Shares Dividends $32,000 Common Shares Dividends $26,000 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. Clayton Corporation Statement of Retained Earnings For the Month Ended October 31, 2020 Opening Balance Net Income Less: Preferred Shares Dividends $ Less: Common Shares Dividends $ Balance - October 31, 2020 $