Potato Co buys 100% of Snail Co’s voting stock on 1/1/25. At…

Questions

Pоtаtо Cо buys 100% of Snаil Co's voting stock on 1/1/25. At thаt time, Potato's retained earnings balance was $520,000 while Snail's was $150,000. During 2025, Snail reported $15,000 of net income and declared $9,000 of dividends. Potato reported $105,000 of separate operating earnings plus $15,000 of equity-method income from its 100 percent interest in Snail; Potato declared dividends of $40,000.   Based on the preceding information, what is Potato's post-closing retained earnings balance on December 31, 2025?