Retained Earnings Titanic Corporation's net income for the year ended December 31,2019,15$380,000. On 2 une 30,2019 , a $0.75 per-share cash dividend was declared for all common stockholders, Common stock in the amount of 38,000 shares was outstanding at the time. The market price of Titanic's stock at year end (12/31/19) is $18 per share. Titanic had a $1,100,000 credit balence in retained earnings at December 31,2018 . Required Calculate the ending balance (12/31/19) of retained earnings