Wildhorse Paper Mill, Inc, had, at the beginning of the current fiscal year, retained earnings of $326,175. During the year, the company produced net income after taxes of $713,400 and paid out 40 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal ploces, eg. 15.25 . Ust items that increase retained earnings first.)