Problem:
The following information was extracted from the accounts of Blossom Corporation at December 31,2025: CR(DR) Total reported income since incorporation $3290000 Total cash dividends paid (1435000) Unrealized holding loss on available-for-sale debt securities (238000) Total Stock dividends distributed (498000) Prior period adjustment, net of tax 173000 What is the balance of retained earnings at December 31, 2025? a. $1790000. b. $1530000. c. $1292000. d. $1119000.