The financial statements of Planet Media Inc. included the following selected information at December 31, 2018:

Common shares	$	1,690,000
Retained earnings		942,000
Net earnings		1,132,300
Dividends declared		1,080,000

The common shares were sold at $20 per share.

Required:
1.	What was the amount of retained earnings at the beginning of 2018? (Round your intermediate calculations and final answer to nearest whole dollar amount.)

2.	Compute earnings per share. (Round the final answer to 1 decimal place.)

3.	Prepare the shareholders equity section of the companys statement of financial position at December 31, 2018.