The stockholders' equity section of Kingbird, Inc's balance sheet at December $31$ is presented here.

Kingbird, Inc. Balance Sheet$($partial$)$

Stockholders' equity Paid$-$in capital $-$Preferred stock, cumulative, $12,000$ shares authorized, $8,400$ shares issued and outstanding $672,000$

$-$Common stock, no par, $730,000$ shares authorized, $560,000$ shares issued $-2,800,000$

$-$Total paid$-$in capital $-3,472,000$

$-$Retained earnings $-1,858,000$

$-$Total paid$-$in capital and retained earnings $-5,330,000$

$-$Less: Treasury stock $(7,000$ common shares$)-37,800$

Total stockholders' equity $-5,292,200$

From a review of the stockholders' equity section, answer the following questions.

E$.$ If dividends of $$134,400$ were in arrears on preferred stock, what would be the Balance reported for retained earnings? Answer only