The beginning balances of the shareholders' equity of Hanssen Incorporated at December 31, 20 times 7 are as follows: Common shares, 1,000,000 shares $10557341.09 issued Contributed surplus $167738.89 Retained earnings $1043629.40 During 20 times 7, David repurchased 84199 shares at $28.17. the net income for the year was $956553.88. What is the balance in retained earnings at December 31, 20 times 7? Select one: $517215.01 $ 1315229.38 $684953.90 $2000183.28