information from the December 31, 2016 balance sheet of Argon Company is as follows:

Common stock, $8 par, 100,000 shares authorized and issued, $800,000

Additional paid-in capital-common, $320,000

Treasury stock, 12,000 shares at cost, $120,000

Total stockholders' equity, $1,148,000

What was the amount of Argon's Retained Earnings and net income?

Please include how answer was reached/formulas so I can learn how to complete the problem