Given the following information for Smashville, Inc., construct an income statement for the year:

Cost of goods sold:	$	259,000
Investment income:	$	3,100
Net sales:	$	551,000
Operating expense:	$	94,000
Interest expense:	$	7,400
Dividends:	$	11,000
Tax rate:		30	%

What are retained earnings for the year? (Input all amounts as positive values. Omit the "$" sign in your response.)