On January 1, 2022, Ivanhoe Corporation had retained earnings of $533,000. During the year, Ivanhoe had the following selected transactions 1 Declared cash dividends $113.000 2 Corrected overstatement of 2021 net income because of inventory error $36.500 3. Earned net income $341.500 4 Declared stock dividends $56.500 Determine the retained earnings balance at the end of the year. Retained earnings