Information about ABC Company, as of December $31,2025,$ is presented below. What is the balance of retained earnings for the company on December $31,2025?$

Item Credit $($Debit$)$

Total reported income since incorporation $$4,800,000$

Total cash dividends paid $(2,400,000)$

Unrealized holding loss on available$-$for$-$sale debt securities $(360,000)$

Total stock dividends distributed $(600,000)$