Required information E11-4 (Algo) Reporting Stockholders' Equity L011-1, 11-2, 11-3 [The following information applies to the questions displayed below.) 4 The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net incone Shares issued Shares outstanding Dividends declared and paid $1,440,000 $ 790,000 $1,080,000 96,000 76,000 780,000 The common stock was sold at a price of $32 per share. E11-4 Part 2 2. What was the amount of retained earnings at the beginning of the year? Retained earrings