Nguyen Imports, Inc. opened on July $1,$ Year $1,$ with $$300,000$ from the sale of common stock. The company reported $$746,400$ in net income for the year ended June $30,$ Year $2,($its first year of operations$).$ On June $1,$ Year $2,$ a $$12,000$ dividend was declared. $($The dividend was paid on July $1.)$ Nguyen reported a $$6,000$ foreign currency translation adjustment loss for the year. The company$$s tax rate was $25\%.$ What was the balance in Retained Earnings on June $30,$ Year $2?$

Select one:

a$.$

$$728,400$

b$.$

$$729,900$

c$.$

$$734,400$

d$.$

$$746,400$