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.)

(Click to select)Operating expenseInvestment incomePretax incomeSalesInvestment expenseOperating incomeCost of goods soldDividends	$
(Click to select)DividendsSalesCost of goods soldInvestment incomeOperating incomeOperating expensePretax incomeInvestment expense
(Click to select)Gross lossGross profit	$
(Click to select)Investment expenseInvestment incomeDividendsPretax incomeOperating incomeIncome taxesCost of goods soldOperating expense
(Click to select)Cost of goods soldInvestment incomeOperating incomePretax incomeDividendsInvestment expenseOperating expenseIncome taxes	$
(Click to select)SalesIncome taxesOperating expenseInvestment incomeInvestment expenseCost of goods soldDividendsPretax income
(Click to select)Pretax incomeInvestment expenseIncome taxesSalesInterest expenseDividendsCost of goods soldOperating expense
(Click to select)Cost of goods soldDividendsSalesInvestment incomeIncome taxesOperating incomePretax incomeOperating expense	$
(Click to select)Investment incomeSalesCost of goods soldPretax incomeDividendsOperating incomeIncome taxesOperating expense
(Click to select)Net incomeNet loss	$
(Click to select)Operating expensePretax incomeDividendsInvestment expenseOperating incomeSalesIncome taxesCost of goods sold	$
Retained earnings	$