RPC Corporation's retained earnings account had a balance of ( $ 2,150,000 ) as of the beginning of its fiscal year, July ( 1,20 mathrm{Y} 5 ). It only generated ( $ 950,000 ) of net income for the year, but paid large dividends of ( $ 650,000 ) to its preferred shareholders and ( $ 500,000 ) to its common shareholders to maintain investor confidence. Write down the ending retained earnings do not enter - $ sign, "comma ,", or penny

RPC Corporation's retained earnings account had a balance of $2,150,000 as of the beginning of its fiscal year, July 1, 20Y5. It only generated $950,000 of net income for the year, but paid large dividends of $650,000 to its preferred shareholders and $500,000 to its common shareholders to maintain investor confidence. Write down the ending retained earnings do not enter- $ sign, "comma", or penny