For the year ending December $31,2022,$ Windsor, Inc. reports net income $$131,000$ and cash dividends $$83,000.$

Determine the balance in retained earnings at December $31$ assuming the balance in retained earnings on January $1,2022,$ was $$218,000.($List items that increase retained earnings first.$)$

Windsor, Inc.

Retained Earnings Statement

$

$$

$$

$$

$$

$$

$$

$