From the following data: Retained earnings, December 31, 2013 $ 340,300 Cost of buildings purchased during 2014 49,000 Net income for the year ended December 31, 2014 55,400 Dividends declared and paid in 2014 32,900 Increase in cash balance from January 1, 2014, to December 31, 2014 23,600 Increase in long-term debt in 2014 45,800 Required: Calculate the Retained Earnings balance as of December 31, 2014.