At the beginning of April, a company has a balance of $11,000 in the Retained Earnings account. During the month of April, the company had the following external transactions.

Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.)

\begin{tabular}{l|l} \multicolumn{1}{c}{ Transaction } & Balance \\ Retained earnings, April 1 & $11,000 \\ \hline 1. Issue common stock for cash, $12,000. & \\ \hline 2. Provide services to customers on account, $6,500. & \\ \hline 3. Provide services to customers in exchange for cash, $1,200. & \\ \hline 4. Purchase equipment and pay cash, $5,600. & \\ \hline 5. Pay rent for April, $1,300. & \\ \hline 6. Pay employee salaries for April, $1,500. & \\ \hline 7. Pay dividends to stockholders, $1,000. & \\ \hline Retained earnings, April 30 \end{tabular}