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What would be the balance of retained earnings at december

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Reference no: EM132484969

The following information was extracted from the accounts of Sheridan Company at December 31, 2020:

Total reported income since incorporation                                $4830000

Total cash dividends paid                                                       (2370000)

Unrealized holding loss on available-for-sale securities                   (364000)

Total stock dividends distributed                                                (601000)

Prior period adjustment, recorded January 1, 2020                             226000

Question 1: What would be the balance of retained earnings at December 31, 2020?

Reference no: EM132484969

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