On January 1, 2011, Pink Corporation started the year with a $530,000 balance in retained earnings. During 2011, the company earned net income of $105,000 and declared and paid dividends of $11,000. Also, the company received cash of $200,000 from a new issue of common stock. What is the balance in retained earnings on December 31, 2011? What is the balance in retained earnings on December 31, 2011? Complete the table below to calculate the ending retained earnings balance. (Leave unused cells blank.)