XYZ Robotics Inc. was organized on January $1,2019,$ with $530,000$ shares authorized; $190,000$ shares were issued on January $5,2019.$ XYZ Robotics Inc. earned $$250,000$ during $2019$ and declared a dividend of $$0\mathrm{.}28$ per share on December $16,2019,$ payable to shareholders on January $6,2020.$

a$.$ Journalize the declaration and payment of the dividend.

b$.$ Compute the balance of Retained Earnings on December $31,2019.$