The beginning balances of the shareholders' equity of an entity at December 31, 20x2 are as follows: During 20x3, the entity repurchased 166663 shares at $7. the net income for the year was $955449 and dividends declared were $123045. What is the balance in retained earnings at December 31,20x3? Select one: 3155571 3778575 3578575 2946171