amber company had the following data

retained earnings, January 1,2015 $45,000

Depreciation expense for 2015 $7,000

cost of goods sold for 2015 $102,000

paid in capital, jan 1 2015 $26,000

rent expense for 2015 $12,000

sales for 2015 $194,000

dividends declared in 2015 $15,000

wage expense for 2015 $40,000

prepaid rent Jan. 1, 2015 $2000

What is the balance in retained earnings on dec. 31, 2015?