For the year ending December 31, 2022, Coronado Inc. reports net income $136,000 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.

Balance in retained earnings $:

For the year ending December 31,2022 , Coronado inc reports net income $136,000 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. Balance in retained earnings