signment CALCULATOR PRINTER VERSION BACK Exercise 14-08 On January 1, 2020, Wildhorse Corporation had retained earnings of $540,000. During the year, Wildhorse had the following selected transactions. 1. Declared cash dividends $120,000. 2. Corrected overstatement of 2019 net income because of inventory error $40,000. 3. Earned net income $345,000. 4. Declared stock dividends $60,000. Determine the retained earnings balance at the end of the year. Retained earnings Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMI