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ABC Corporation has Retained Earnings of $43,000 at the end of April, 2020. During the month of May, ABC Corporation has revenues of $78,000 and

ABC Corporation has Retained Earnings of $43,000 at the end of April, 2020. During the month of May, ABC Corporation has revenues of $78,000 and total operating expenses of $72,000. During May, ABC Corporation also pays its shareholders dividends of $8,000 and issues Common stock for $6,500. What is ABC Corporation's ending balance of Retained Earnings on May 31? (Show your work for this problem, including labels for all numbers used in calculations.)

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