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On January 1, 2022, Teton Corporation had retained earnings of $11,420,000. During 2022, Teton reported net income of $2,155,000, declared dividends of $755,000, and issued

On January 1, 2022, Teton Corporation had retained earnings of $11,420,000. During 2022, Teton reported net income of $2,155,000, declared dividends of $755,000, and issued common stock for $1,510,000. What were Teton's retained earnings on December 31, 2022?

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