Exercise 2-13 (Algo) Calculate retained earnings LO 2-2, 2-3 Retained earnings, December 31, 2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 Required: $ 309,500 34,000 4,900 17,800 10,500 13,900 From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 Retained earnings, December 31, 2021 Less: Dividends Less: Net loss Retained earnings, December 31, 2022