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Newland Company reported retained earnings at December $31,2021,$ of $$310,000.$ Newland had $200,000$ shares of common stock outstanding at the beginning of $2022.$

The following transactions occurred during $2022.$

A cash dividend of $$0\mathrm{.}50$ per share was declared and paid.

A $5\%$ stock dividend was declared and distributed when the market price per share was $$15$ per share.

Net income was $$285,000.$

Compute the ending balance in retained earnings at the end of $2022.$

Retained earnings