Part 2 of 4 Required information E11-4 (Algo) Reporting Stockholders' Equity L011-1, 11-2, 11-3 [The following information applies to the questions displayed below.) 0.12 The financial statements for Highland Corporation included the following selected information: points eBook Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 960,000 $ 770,000 $1,160,000 96,000 72,000 $ 790,000 Hint Print References The common stock was sold at a price of $38 per share. E11-4 Part 2 2. What was the amount of retained earnings at the beginning of the year? Retained earnings