Exercise 2-11 Calculate retained earnings [LO 2, 3]

Retained earnings, December 31, 2012	$	307,200
Cost of equipment purchased during 2013		32,000
Net loss for the year ended December 31, 2013		4,700
Dividends declared and paid in 2013		17,400
Decrease in cash balance from January 1, 2013, to December 31, 2013		11,900
Decrease in long-term debt in 2013		17,400

Required:

From the above data, calculate the retained earnings balance as of December 31, 2013. (Negative amounts should be indicated by a minus sign.)

the table for this question is attached beloe]w