Please help me with the retained earnings balance.

5heou per per bivet. rebruant her ingene forme year anted Decetes 13 ovidend pasd drieg te pyar rieniece During its first year of operations, Anchor Holdings Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 12,000,000 common shares, $1.50 par per share, and 1,500,000 preferred shares, $30.00 par per share. 4) Issued 480,000 of its common shares in exchange for land for which the cash price was known to be ) Prepare the shareholders' equity section of the balance sheet for the Anchor Holdings Company at Jecember 31. Net income for the year was $405,000 and dividends totaled $100,000. 5heou per per bivet. rebruant her ingene forme year anted Decetes 13 ovidend pasd drieg te pyar rieniece During its first year of operations, Anchor Holdings Corporation entered into the following transactions relating to shareholders' equity. The articles of incorporation authorized the issue of 12,000,000 common shares, $1.50 par per share, and 1,500,000 preferred shares, $30.00 par per share. 4) Issued 480,000 of its common shares in exchange for land for which the cash price was known to be ) Prepare the shareholders' equity section of the balance sheet for the Anchor Holdings Company at Jecember 31. Net income for the year was $405,000 and dividends totaled $100,000