On January 1, 2022, Blossom Corporation had retained earnings of $552,000. During the year, Blossom had the following selected transactions. 1. Declared and paid cash dividends $132,000. 2. Corrected overstatement of 2021 net income because of inventory error $46,000. 3. Earned net income $351,000. 4. Declared and paid stock dividends $66,000. Determine the retained earnings balance at the end of the year. Retained earnings