The LeRoy Company had Retained Earnings (all unappropriated) of $10,000 on 1/1/15. The only paid-in capital account existing was due to Common Stock issued. LeRoy properly recorded these transactions in 2015: (1) 10% Stock dividend (Total Market Value of dividend $1,500, Par Value $1,000 ) (2) Sale of Treasury Stock for $4,000 below Cost (3) Recorded the correction of a previous period accounting error (understatement of prior year depreciation: $400 ) (4) Liquidating dividend $1,000 (5) Net Income $4,200 Assuming no taxes, LeRoy 12/31/15 Total Retained Earnings is: The following information has been taken from the first year of operation for Doug Daniels Corporation