The following balances were taken from the records of Pharoah Company:

Common stock $(1/1/2021$ and $12/31/2021)$

$$720,900$

Retained earnings $\frac{1}{1}\frac{?}{2021}$

Net income for $2021$

$$164,500$

$\backslash$table$[[,183,800],[$Dividends declared in $2021,(40,300)$