The following data are from the accounts of Mitar Corporation at December $31.$

Retained earnings, beginning balance $$900,000$

Common stock, $$\_\_$ par, $100,000$ shares authorized, $50,000$ shares issued $1,000,000$

Treasury stock, $1,000$ shares $20,000$

Paid$-$in capital in excess of par $400,000$

Bonds payable $200,000$

Net income $($not included in retained earnings above$)190,000$

Dividends declared and paid $($not included in retained earnings above$)80,000$