Newland Company reported retained earnings at December 31, 2021, of $330,000. Newland had 200,000 shares of common stock outstanding at the beginning of 2022. The following transactions occurred during 2022 1. 2 A cash dividend of $0.50 per share was declared and paid. A5% stock dividend was declared and distributed when the market price per share was $15 per share. Net income was $285,000 3. Compute the ending balance in retained earnings at the end of 2022. (List items that increase retained earnings first.) Newland Company Retained Earnings Statement $