on Jan 1,2022,Sheridan corporation had retained earnings of 536,000. during the year,sheridan had the following selected transactions.

1. declared and paid cash dividends $116,000.

2. corrected overstatement of 2021 net income because of inventory error $38,000.

3. earned net income $343,000.

4. declared and paid stock dividends $58,000.

Determined the retained earnings balance at the end of the year.