From the following data, calculate the Retained Earnings balance as of December 31, 2019:

Retained earnings, December 31, 2020 ....................................................$367,800
Net decrease in total assets during 2020 ..................................................... 56,100
Net increase in accounts receivable in 2020 ................................................ 12,900
Dividends declared and paid in 2020 ............................................................ 50,400
Proceeds from issuance of bonds during 2020 ......................................... 132,600
Net loss for the year ended December 31, 2020 ......................................... 34,500