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Required information [The following information applies to the questions displayed below.) The financial statements for...

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Accounting

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Required information [The following information applies to the questions displayed below.) The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,030,000 $ 780,000 $1,050,000 103,000 71,000 $ 670,000 The common stock was sold at a price of $37 per share. 2. What was the amount of retained earnings at the beginning of the year? Retained earnings

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