Ch. 2 Homework i 8 00 Saved Help Save & Exit Submit 9 Retained earnings, December 31, 2018 Cost of equipment purchased during 2019 Net loss for the year ended December 31, 2019 Dividends declared and paid in 2019 points Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 Required: $308,200 28,000 4,600 14,400 12,900 13,900 From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2019