The shareholders' equity of Bodie Company on January 1, 2017, included the following:

Common stock, $1.7 par; authorized, 800,000 shares; You will need to calculate the issued shared	$122,324
Paid-in capitalexcess of par	69,669
Retained earnings	$500,000
Treasury shares, cost $8 per share	49,504

On April 1, 2017, the board of directors of Bodie declared a $1.5 cash dividend to be distributed on June 1.

On April 1, the debit to Retained Earnings is $________