Judith Grimm, financial officer of ABC Inc., showed the following unadjusted account balances at March $31,2020,$ its year end. Other information:

There was one reconciling item on the bank reconciliation : an NSF cheque for $$1,800.$

A review of the Prepaid rent account showed that the balance represents rent for two months beginning March $1,2020.$

Annual depreciation on the machinery is $$2,800.$

Annual depreciation on the building is $$7,240.$

The mortgage is due July, $2027.$

The principal portion of the mortgage payable for the next fiscal year is $$14,000.$

Use this information to prepare the March $31,2020$ classified statement of financial position $/$ balance sheet. Be sure to include all relevant headings and totals. Please make sure your final answer$($s$)$ are accurate to $2$ decimal places.

Accounts payable $11,000$

Accounts receivable $11,000$

Accumulated depreciation building $104,400$

Accumulated depreciation machinery $26,040$

Advertising expense $15,900$

Allowance for doubtful accounts $1,900$

Building $123,200$

Cash $54,100$

Cash dividends $2,200$

Common shares $14,900$

Insurance expense $7,200$

Interest expense $500$

Land $16,900$

Long$-$term notes payable $2,900$

Machinery $33,640$

Mortgage payable $53,900$

Patents $15,300$

Petty cash $1,000$

Prepaid rent $23,200$

Retained earnings $59,100$

Revenues $28,700$

Salaries expense $14,900$

Salaries payable $30,300$

Short$-$term notes payable $12,700$

Trademark $13,800$

How do we get the Retained Earnings balance of $$12,460($which is the correct amount that is to be recorded on the balance sheet$)$