On January 1, 2037, V9d7a Company's stockholders' equity appeared as follows: $448,000 Common stock, $16 par, 28,000 shares outstanding Paid-in capital common stock $351,000 Retained earnings $186,000 Total stockholder's equity $985,000 During 2037, V9d7a Company entered into the following transactions: March 1: Re-acquired 8,000 shares of its common stock by paying $26 per share. May 14: Re-issued 1,400 of the shares that were re-acquired on March 1 for $21 per share. July 30: Re-issued 1,900 of the shares that were re-acquired on March 1 for $32 per share. October 1: Re-issued 2,600 of the shares that were re-acquired on March 1 for $19 per share. November 9: Declared and paid a dividend to its stockholders in the amount of $78,000. V9d7a Company earned a net income of $152,000 during 2037. Calculate the retained earnings account balance at December 31, 2037.