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

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

Long-TermNotesPayableAccountsReceivableAccountsPayableBuildingCashandCashEquivalentsCommonStockInterestPayableLandShort-termInvestmentsIncomeTaxesPayableEquipmentSupplies$57,000$29,000$41,000$59,000$82,000$122,000$1,500$41,000$7,000$14,000$62,500$10,000