whats the balance of retained earning for december 31 2018 after the year closed ? comfused by the wording

Use the following information to answer question 41 and 42. On January 1, 2018, Tarow Corporation had 80,000 common shares, recorded at $600,000, and retained earnings of $1,000,000. During the year, the following transactions occurred: Apr 2 Issued 5,000 common shares at $20 per share. June 15 Declared a cash dividend of S0.25 per share to common shareholders of record on June 30. payable on July 10. Aug 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $22 a share on August 21, $24 on September 5, and $26 on September 20. Nov. Issued 3,000 common shares at $25 per share. Nov. 15 Declared and issued a 2-for-1 stock split Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10. Dec 31 The net income for the year of 2018 is $20,000 1