At the beginning of April, Owl Corporation has a balance of $11,800 in the Retained Earnings account. During the month of April, Owl had the following external transactions.

1. Issue common stock for cash, $10,000.

2. Provide services to customers on account, $7,300.

3. Provide services to customers in exchange for cash, $2,000.

4. Purchase equipment and pay cash, $6,400.

5. Pay rent for April, $1,200.

6. Pay employee salaries for April, $2,300.

7. Pay dividends to stockholders, $1,400.

Required:

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