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

Cost of goods sold:		$175,000.00
Investment income:		$2,800.00
Net sales:		$297,000.00
Operating expense:		$42,000.00
Interest expense:		$7,400.00
Dividends:		$10,000.00
Tax rate:		30%

What are retained earnings for the year? (Input all amounts as positive values.)

Sales
Cost of goods sold
Gross profit
Operating expense
Operating income
Investment expense
Pretax income
Investment income
Income taxes
Net income
Dividends
Retained earnings