Sheridan Company reported retained earnings at December 31, 2018, of $314,500. Sheridan had 201,000 shares of common stock outstanding at the beginning of 2019 The following transactions occurred during 2019 1. A cash dividend of $0.35 per share was declared and paid A 10% stock dividend was declared and distributed when the market price per share was $16 per share Net income was $288,000 3. Compute the ending balance in retained earnings at the end of 2019. (List items that increase retained earnings first.) Sheridan Company Retained Earnings Statement