Maydair Corporation has outstanding 90.000 shares of $1 par value common stock as well as 19,000 shares of 8,5%, $100 por value cumutabve preferred stock Ar the beginting of the year, the bolance in retained eainings was $725,000, and one year's dividends were in arrears. Net income for the current year is $490,000 Compute the bolance in retained earmings at the end of the year if Mayfeir Corporation pays a dividend of $2.9 per shate on its common stock this year. Multiple cheice 5631000 5954,000 $422,500 51.053500