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For Year 1, Nnabue Company's year-end balance sheet lists $3,832,194 in ending Retained Earnings. During Year 1, Nnabue's net income exceeded its dividend declarations

For Year 1, Nnabue Company's year-end balance sheet lists $3,832,194 in ending Retained Earnings. During Year 1, Nnabue's net income exceeded its dividend declarations by $237,841. Nnabue's dividend declarations in Year 1 were $40,696. Nnabue also sold $32,000 of stock in Year 1. Dividend payments were $14,000. How much was Nnabue's beginning retained earnings?

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