General Ledger for XYZ CompanyThe following is a portion of the general ledger for XYZ Company as of December 31, 20X1, and the statement of stockholders' equity for XYZ Company for the year ended December 31, 20X1. Use this information to answer questions (1) through (5).XYZ CompanyStatement of Stockholders' Equity (partial)For the year ended December 31, 20X1Common StockRetained EarningsBalance at January 1, 20X1$50,000$63,000Issuance of common stock32,000+ Net income for the year ended 12/31/X114,000- Dividends paid(4,900)Balance at December 31, 20X1$_______$_______XYZ CompanyGeneral Ledger (partial)As of December 31, 201X AmountAssetsCash$ 53,000Accounts receivable15,000Supplies8,800Prepaid rent36,000Equipment (net)115,600LiabilitiesAccounts payable$11,300Salaries payable2,500Interest payable1,900Utilities payable6,900Bonds payable51,700 What is the ending balance in retained earnings to be reported on XYZ Company's 12/31/X1 classified balance sheet?$63,000$77,000$72,100$154,100