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Miter Corporation had a credit balance of $ 5 , 4 5 0 , 0 0 0 in its retained earnings account as of January

Miter Corporation had a credit balance of $5,450,000 in its retained earnings account as of January 1,20X9. During the year, Miter declared $250,000 in dividends, reported net earnings of $560,000 and comprehensive income of $750,000. The December 31 balance of retained earnings is:
Multiple Choice
$5,760,000
$6,450,000
$6,200,000
$5,950,000

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