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

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Accounting

  1. 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 Arizonas retained earnings as of December 31, 2022 should be?

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