(Solved): For the year ended December 31, 2025, Cullumber linc. reported the following: \table[[Net income,$49 ...

For the year ended December 31, 2025, Cullumber linc. reported the following: \table[[Net income,$499000],[Preferred dividends declared,77100],[Common dividends declared,23400],[Unrealized holding loss, net of tax,14000],[Retained earnings, beginning balance,656000],[Common stock,350200],[Accumulated other comprehensive income, beginning balance (net gains),35400]] What would Cullumber report as the ending balance of Retained Earning?

$1040500

$1091900

$1054500

$1131600