The stockholders equity of Grannys Geraniums Inc. at December 31, 2011, appears below:

Common stock, $16 par value, 200,000 shares authorized,120,000 shares issued and outstanding	2,640,000
Paid-in capital in excess of par value	1,000,000
Retained earnings	1,480,000

During 2012, the following transactions occurred:

June 15:	Declared a 10% common stock dividend when market value was $30 per share
June 30:	Issued the stock dividend declared on June 15.
December 10:	Declared a cash dividend of $3.00 per share to be paid in January 2013.
December 31:	Recognized net income of $ 752,000.

Compute the year-end balance of the retained earnings for 2012.

Answer:

Provide your answer in thousands 000's and use negative signs, if appicable.

Retained earnings December 31, 2011	Answer
Net income	Answer
Stock dividends	Answer
Cash dividends	Answer
Retained earnings December 31, 2012	Answer

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