calculate retained earnings

Exercise 2-11 Calculate retained earnings LO 2,3 Retained earnings, December 31, 2015 Cost of equipment purchased during 2016 Not loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $ 305,300 41,000 4.950 17,000 11,600 15.900 Required: From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by a minus sign.) Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2016