From the following data: Retained earnings, December 31, 2013 Cost of buildings purchased during 2014 Net income for the year ended December 31, 2014 Dividends declared and paid in 2014 Increase in cash balance from January 1, 2014, to December 31, 2014 Increase in long-term debt in 2014 $346,400 41,800 56,900 32,500 23,000 44,600 Required: Calculate the Retained Earnings balance as of December 31, 2014 Retained earnings