Dakota Company experienced the following events during Year $2$:

Acquired $$30,000$ cash from the issue of common stock.

Paid $$12,000$ cash to purchase land.

Borrowed $$10,000$ cash.

Provided services for $$20,000$ cash.

Paid $$1,000$ cash for utilities expense.

Paid $$15,000$ cash for other operating expenses.

Paid a $$2,000$ cash dividend to the stockholders.

Determined that the market value of the land purchased in Event $2$ is now $$12,700.$How much cash is in the Retained Earnings account?