During UnitedHealth Group's first year of operations, it made cash sales of $415,000 and credit sales of $610,000. $425,000 in cash from these credit sales was collected during the year. The Company purchased a new building for $225,000, which they financed through a long-term note payable. Expenses for the year totaled $550,000, of which $320,000 was paid in cash. Dividends of $20,000 were paid to stockholders. What was Retained Earnings at the End of its first year of operations?