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Ship Industries began 2 0 2 3 with retained earnings balance of $ 7 6 4 , 0 0 0 . During 2 0 2

Ship Industries began 2023 with retained earnings balance of $764,000. During 2023, the firm earned $335,000 after taxes. From this amount, preferred stock holders were paid $52,000 in dividends and common stock dividends were $185,000. What is the amount of retained earnings at December 31,2023?
1. Add Retained Earnings + profits =_____________________
2. Add amount preferred stockholders were paid and the amount common stock holders were paid =_____________________
Retained earnings 12/31/23= take answer from 1 above and subtract answer
from 2 above =___________________________________

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