From the following data, calculate the retained earnings balance as of December 31, 2016:

Retained earnings, December 31. 2015.......................................5623,600

Cost of equipment purchased during 2016.................................... 64,800

Net loss for the year ended December 31, 2016.............................. 9,400

Dividends declared and paid in 2016........................................... 37,000

Decrease in cash balance from January 1, 2016, to December 31, 2016.... 27,200

Decrease in long-term debt in 2016.............................................. 29,600