My company reported retained earnings at December 31, 2021 of $312,500. My company had 210,000 shares of common stock outstanding at the beginning of 2022. The following transactions occurred during 2022. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $282,000 Compute the ending balance in retained earnings at the end of 2022