From the above data, calculate the Retained Earnings balance as of December 31, 2016:

Refer to the data below. $ 416,840 63,580 14,620 57,120 150,280 39,100 Retained earnings, December 31, 2017 Net decrease in total assets during 2017 Net increase in accounts receivable in 2017 Dividends declared and paid in 2017 Proceeds from issuance of bonds during 2017 Net loss for the year ended December 31, 2017 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2016: Retained earnings