On January $1,2022,$ Sunland Corporation had retained earnings of $$537,000.$ During the year, Sunland had the following selected

transactions.

Declared and paid cash dividends $$117,000.$

Corrected overstatement of $2021$ net income because of inventory error $$38,500.$

Earned net income $$343,500.$

Declared and paid stock dividends $$58,500.$

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

Retained earnings $ what is the retained earnings