Swan Corporation, a calendar year C Corporation, had the following information for 2011:
Net income per books (After tax) $174,700
Taxable income $195,000
Federal income taxd per books $ 59,300
Cash dividend distributions $ 35,000
Unappropriated retained earnings, as of January 1, 2011 $626,450
Based on the above, use schedule M-2 of form 1120 to determine swan's unappropriated retained earnings balance as of December 31, 2011.