On January 1, 2008, Castle Corporation had retained earnings of$579,180. During the year, Castle had the following selectedtransactions.

1. Declared cash dividends$123,840.

2. Corrected overstatement of 2007 netincome because of depreciation error $22,160.

3. Earned net income $356,750.

4. Declared stock dividends$84,710.

Instructions

Complete the retained earnings statement for the year.(Enter all amounts as positiveand subtract where necessary. List multiple entries from largest tosmallest eg 10, 5, 3, 2.)

CASTLECORPORATION
RetainedEarnings Statement
For the YearEnded December 31, 2008
Balance, January 1, as reported Net income Corr. for overstmt of 2007 netincome Balance, January 1, as adjusted Cash dividends Stock dividends	$
Cash dividends Net income Stock dividends Corr. for overstmt of 2007 netincome Balance, January 1, as adjusted Balance, January 1, as reported
Balance, January 1, as reported Net income Corr. for overstmt of 2007 netincome Cash dividends Stock dividends Balance, January 1, as adjusted
Add: Balance, January 1, as reported Corr. for overstmt of 2007 netincome Balance, January 1, as adjusted Cash dividends Net income Stock dividends
Less: Stock dividends Net income Cash dividends Balance, January 1, as reported Corr. for overstmt of 2007 netincome Balance, January 1, as adjusted	$
Corr. for overstmt of 2007 netincome Balance, January 1, as adjusted Stock dividends Balance, January 1, as reported Net income Cash dividends
Balance, December 31	$