Beаcоn, Incоrpоrаted reported the following аmounts at the end of the first year of operations: Common stock $ 330,000 Sales revenue $ 1,320,000 Total assets $ 990,000 Dividends declared $ 75,000 Total liabilities $ 395,000 What are the retained earnings of Beacon at the end of the year, and what amount of expenses were incurred during the year?