On December 31, 2021, the stockholders equity section of Florida Inc., was as follows:

Common stock, par value $5: authorized 50,000 shares;

issued and outstanding 18,000 shares

Additional paid-in-capital $230,000

Retained earnings 450,000

On May 1, 2022, Florida declared an 8% stock dividend, and accordingly issued additional shares, when the fair value of the stock was $14 per share. For the year ended December 31, 2022, Florida generated net income of $80,000. The balance of Floridas retained earnings as of December 31, 2022 should be?