The Retained earnings account for Nathan Corporation had a credit balance of $800,000 at the end of 200. Selected transactions during 20X1 follow: a. Net income was $130,000. b. Cash dividends declared were $60,000. c. Repurchased 100 shares of Nathan Corporation common stock, paying $20 per share. Each share has a $5 par value and was originally issued for $35. d. Sold 20 shares of Nathan Corporation common stock for $22 each. Required: Calculate Nathan's retained earnings balance as of the end of 20X1. Answer is complete but not entirely correct