Laker Incorporateds fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31.

Calculate the ending balance of Retained Earnings :

Accounts	Debit				Credit
Cash	$	11,700
Supplies		37,500
Prepaid Rent		28,500
Accounts Payable					$	2,700
Notes Payable						27,000
Common Stock						38,500
Retained Earnings						8,700
Dividends		3,700
Service Revenue						54,300
Salaries Expense		19,700
Advertising Expense		12,700
Rent Expense		9,700
Utilities Expense		7,700
Totals	$	131,200			$	131,200