Obrien Industries began 2019 with retained earnings balance of $735,000. During 2019, the firm earne

Obrien Industries began 2019 with retained earnings balance of $735,000. During 2019, the firm earned $280,000 after taxes. From this amount, preferred stock holders were paid $42,000 in dividends and common stock dividends were $175,000.   

What is the amount of retained earnings at December 31, 2019?

 

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