Determine balance in retained earnings account

The following data was taken from the books as at December $31$ of Blossom Inc.:

Cash

$$12,500$ Common shares

Income tax expense

$4,500$ Cost of goods sold

Sales revenue

$$15,000$

$58,000$

$100,000$ Retained earnings $($as of January $1)76,000$

Inventory

$30,500$ Bank loan payable

$49,750$

Accounts payable

$31,750$ Equipment

$120,000$

Operating expenses

$28,500$ Dividends paid

$4,250$

Interest expense

$3,000$ Accounts receivable

$10,250$

Prepaid expenses

$1,000$