I can't figure out the retained Earnings....

Exercise 152 al-a2 On January 1, 2020, Raleish Corporation had $2,000,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,000,000. The company issued 200,000 shares of common stock at $12 per share o July 1. On December 15, the board of directors declared a 15% stock dividend to stockholders of record on December 31, 2020, payable on January 15, 2021. The market value of Raleish Corporation stock was $15 per share on Decembe 15 and $16 per share on December 31. Net income for 2020 was $500,000. Your answer is correct. Journalize the issuance of stock on July 1 and the declaration of the stock dividend on December 15. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 1 Cash 2400000 Common Stock 2000000 Paid-in Capital in Excess of Par-Common Stock 400000 Dec. 15 Stock Dividends 10000 Common Stock Dividends Distributable 600000 Paid-in Capital in Excess of Par-Common Stock 300000 LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the stockholders' equity section of the balance sheet for Raleish Corporation at December 31, 2020. RALEISH CORPORATION Balance Sheet (Partial) December 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock Common Stock Dividends Distributable 600000 | Common Stock, $10 Par Value, 400,000 Shares Issued and Outstanding 4000000 APAMAMARA Total Capital Stock 4600000 Additional Paid-in Capital in Excess of Par 700000 Total Paid-in Capital 5300000 Retained Earnings 1500000 Total Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work