Pina Colada Corp. reported retained earnings at December 31, 2018, of $319,000. Pina Colada had 198,000 shares of common stock outstanding at the beginning of 2019. The following transactions occurred during 2019.

1. A cash dividend of $0.55 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $14 per share. 3. Net income was $288,000.

Compute the ending balance in retained earnings at the end of 2019.

Pina Colada Corp. Retained Earnings Statement $