Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,010,000 $ 750,000 $1,170,000 101,000 73,000 $ 710,000 The common stock was sold at a price of $23 per share. E11-4 Part 2 2. What was the amount of retained earnings at the beginning of the year? Retained earnings