2 Refer to the data below. nts Retained earnings, December 31, 2019 Cost of buildings purchased during 2020 Net income for the year ended December 31, 2020 Dividends declared and paid in 2020 Increase in cash balance from January 1, 2020, to December 31, 2020 Increase in long-term debt in 2020 $347,300 44,800 55,900 32,200 22,700 46,000 eBook Hint Print Required: From the above data, calculate the retained Earnings balance as of December 31, 2020: References Retained earnings