On January $1,2022,$ Sheridan Company had retained earnings of $$527,000.$ During the year, Sheridan had the following selected transactions.

Declared cash dividends $$119,000.$

Earned net income $$357,000.$

Declared stock dividends $$59,000.$

Determine the retained earnings balance at the end of the year. $($List items that increase retained earnings first.$)$

Sheridan Company Retained Earnings Statement

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