The following information has been taken from the ledger accounts of Isaac Stern Corporation Total Income since incorporation$317,000 Total Cash Dividends pai d60,000 Total value of stock dividends distributed30,000 Gains on treasury stock transactions18,000 Unamortized discount of bonds payable32,000 Directions: Determine the current balance of retained earnings .

1. The following information has been taken from the ledger
accounts of Isaac Stern Corporation
Total Income since incorporation$317,000
Total Cash Dividends pai d60,000
Total value of stock dividends distributed30,000
Gains on treasury stock transactions18,000
Unamortized discount of bonds payable32,000
Directions: Determine the current balance of retained earnings