Hi can you help walk me thru this?

You are given the fiscal year-ending, 12/31/x5, post-close trial balance and chart of accounts for your client Pitar, Inc.

Pitar requests financial statements for the month ending, January 20x6. Your task is to prepare the 1/31/x6 adjusted trial balance for Pitar, Inc.

Pitar, Inc. Post-Closing Trial Balance 12/31/X5
	DEBIT	CREDIT
Cash	345,400
Accounts Receivable	339,480
Allowance for Doubtful Accounts		7,410
Prepaid Insurance	33,540
Prepaid Rent	87,120
Office Supplies	49,840
Office Equipment	302,400
Accumulated Depreciation - Equipment		120,960
Accounts Payable		39,480
Unearned Contract Revenue		79,300
Salary and Wages Payable		73,720
Interest Payable		19,200
Utilities Payable		3,840
Long-term Notes Payable		480,000
Common Stock		53,200
Retained Earnings		280,670
TOTAL DR/CR	1,157,780	1,157,780

During the month of January the company recorded cash sales of $343,600 and credit sales of $168,900. Customer collections during the month amounted to $112,900 and $12,000 was paid to short-term creditors. The company received a $4260 utilities bill to be paid February 1 and bought $1280 of office supplies on account.

By the end of the first week of January, all 12/31/x5 accrued expenses were paid and the work for one-half of the advance payments received from customers in 20x5 was completed on January 5. No customer advance payments were received in January. By the end of January, office supplies on hand amounted to $28,190, a total of $157,480 in salaries and wages were paid, and accrued salaries and wages totaled $148,300.

Additional information provided by Pitar follows:

• The ten-year, 4%, long-term note payable was issued on 1/1/x3. Principal is due at maturity and interest is paid annually on January 1.
• In January 20x4, all of the company's office equipment assets were replaced. Office equipment is depreciated on a straight-line basis, with an estimated useful life of 5 years and no salvage value.
• The company is expanding and now rents additional office space. The lease agreement started on November 1, 20x5 when Pitar paid for a one-year rental.
• Pitar's annual insurance premium was paid on 6/1/x5.

Prepare the 1/31/x6 adjusted trial balance for Pitar, Inc. in Exhibit A below. Exhibit A is pre-filled with the company's chart of accounts. What amount will Pitar report for retained earnings on its 1/31/x6 balance sheet?

Exhibit A: Pitar, Inc. Adjusted Trial Balance 1/31/x6.

Pitar, Inc.
Adjusted Trial Balance
1/31/X6
	DEBIT	CREDIT
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Prepaid Insurance
Prepaid Rent
Office Supplies
Office Equipment
Accumulated Depreciation - Equipment
Accounts Payable
Unearned Contract Revenue
Salary and Wages Payable
Interest Payable
Utilities Payable
Long-term Notes Payable
Common Stock
Retained Earnings
Consulting Fees Earned
Salary and Wages Expense
Utilities Expense
Office Supplies Expense
Depreciation expense
Interest Expense
Insurance Expense
Rent Expense
Miscellaneous Expense
Tax Expense
TOTAL DR/CR

What amount will Pitar report for retained earnings on its 1/31/x6 balance sheet? ___________