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solve asap please and thank you and show work The following shareholders' equity accounts of ABC Corporation on January 1, 2020 were as follows: Preferred

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The following shareholders' equity accounts of ABC Corporation on January 1, 2020 were as follows: Preferred Shares ($10, cumulative. 4.833 shares authorized, 1.181 shares issued) Common Shares (443,675 shares authorized, 102,781 shares issued) Retained Earnings $355,630 $919.933 $596,359 The company was unable to pay the dividends on preferred shares for 2019. During 2020, the corporation had these transactions and events pertaining to its shareholders' equity: . February 1: Issued 4,675 common shares for $10.357 September 1: Declared and paid the dividend in arrears on preferred shares. October 1: Declared a cash dividend (for the current year) on preferred shares, payable November 1. December 1: Declared a $1.00 per share cash dividend to common shareholders of record on December 15, payable December 31, 2020. December 1: Determined that net income for the year was $1.280.109. At December 31, the market price of the common shares was $8 per share. What is the balance in the retained earnings account at December 31, 2020

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