Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $216,000. Balance in retained earnings For the year ending December 31, 2022, Lily Inc. reports net income $132,000 and cash dividends $81,000. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $216,000. Balance in retained earnings $ eTextbook and Media Save for Later # *3 MAR 8 20 F3 888 E 54 4 % 5 A 1726 MacBook Air 66 Fo Attempts: 0 of 8 used Submit Answer & 27 S L g: R T Y U Dll DD 8: F10 00 -> 8 61 9 0 - O P D F G H J K C V B N M . L