From the following data, calculate the Retained Earnings balance as of December 31, 2017:
Retained earnings. December 31, 2016...................................... $692,800
Cost of building purchased during 2017.................................... 83,600
Net income for the year ended December 31, 2017........................ 113,800
Dividened decalred and paid in 2017........................................ 65,000 Increase in cash balance from January 1, 2017, to December 31, 2017.. 46,000
Increase in long term debt in 2017............................................. 89,200