Please answer the following question entirely.

Thank you.

Foley Corporation has Retained Earnings of $3,100,000 on January 1, 2014. During the year Foley earned $1,200,000 of net income. It declared and paid a $150,000 cash dividend. In 2014 , Foley recorded an adjustment of $110,000 due to the overstatement (from mathematical error) of 2013 depreciation expense. What is the year end Retained Earnings balance at December 31, 2014