Ti6xe Corporation reported the following information for 2031: Assets Liabilities Common stock Retained earnings January 1 $271,600 $161,500 ? 7 December 31 $346,000 $130,500 $162,400 $ 53,100 During 2031, Ti6xE Corporation reported a net income of $66,600 and declared and paid dividends totaling $21, 100. Calculate the common stock balance at January 1, 2031