The ledger of Flounder Corp. at December 31, 2025, after the books have been closed, contains the following stockholders' equity accounts. A review of the accounting records reveals this information: 1. Preferred stock is 7%,$100 par value, noncumulative. Since January 1,2024,10.500 shares have been outstanding: 21,000 shares are authorized. 2. Common stock is no -par with a stated value of $6 per share: 590,000 shares are authorized. 3. The January 1, 2025, balance in Retained Earnings was $2,275.000. 4. On October 1,62,000 shares of common stock were sold for cash at $9 per share. 5. A cash dividend of $395,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2024 . 6. Net income for the year was $844,000. 7. On December 31,2025 , the directors authorized disclosure of a $155,000 restriction of retained eamings for plant expansion. (Use Note A) Reproduce the Retained Earnings account for the year. FLOUNDER CORR. Partial Balance Sheet