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  3. 17) on december 31, 2021, the stockholders' equity

17) On December 31, 2021, the stockholders' equity section of Arizona, Inc., was as follows:...

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17) On December 31, 2021, the stockholders' equity section of Arizona, Inc., was as follows: Common stock, par value $5: authorized 50,000 shares; issued and outstanding 18,000 shares Additional paid-in-capital $230,000 Retained earnings 450.000 On May 1, 2022, Arizona declared an 8% stock dividend, and accordingly issued additional shares, when the fair value of the stock was $14 per share. For the year ended December 31, 2022, Arizona generated net income of $80,000. The balance of Arizona's retained earnings as of December 31, 2022 should be

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