Kolander Company has the following accounts and balances at the end of the year:

What is the amount of Retained Earnings at the end of the year?

Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies $50,000 $28,000 $39,000 $56,000 $80,000 $123,000 $5,500 $40,000 $8,000 $14,000 $60,500 $9,000