Keating Company had a retained earnings balance of $5,820 at the end of last year. This year the company projects sales of $12,850 with a 6% net profit margin and a 25% dividend payout ratio. Forecast...

Keating Company had a retained earnings balance of $5,820 at the end of last year.  This year the company projects sales of $12,850 with a 6% net profit margin and a 25% dividend payout ratio.  Forecast the balance of retained earnings at the end of this year..