Weygandt, Accounting Principles, 13e Help I System Announcements CALCULATOR PRINTER VERSION BACK Exercise 14-09 Sheridan Company reported retained earnings at December 31, 2019, of $307,500. Sheridan had 203,500 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. 2. 3. A cash dividend of $0.60 per share was declared and paid. A 5% stock dividend was declared and distributed when the market price per share was $13 per share. Net income was $289,000. Compute the ending balance in retained earnings at the end of 2020. Retained earnings Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT Ly Question Attempts: o of 3 used SAVE POR LATER SUBMIT ANSWER la cond and a