pom The balance sheet of Happy Company included the following shareholders equity accounts at December 31, 2020 Common stock, 400,000 hest $400.000 por Paid in capital scent of per 2.000.000 Retained 2.500.000 Total Shareholders 54.900.000 During 2021, the following transactions accured 1. On May 3, 2021, a 5-for-4 stock split was declared and distributed. The stock split was effected in the form of a 25% stock divideod. The market value of the Si per comme stock 519 per share 2. On July 5, 2021, 5% common stock dividend was declared and distributed. The market value of the common stock was 58 per share 3. On December 1, 2021, the board of directors declared a cash dividend of 504 per share on its common shares, payable on December 25 to holders Asuming net income is $900.000 for year 2021 and large stock dividend does not affect ertained earnings, what is the balance of retained earnings shown on December 31, 2001 e shtet? $2.990,000 $3,000,000 53.165,000 53,080,000