On January 1, 2022, Swifty Corporation had retained earmings of $537,000. During the year, Swifty had the following selected transactions. 1. Declared cash dividends $115,000. 2. Earned net income $354,000. 3. Declared stock dividends $62,000. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.)