LLB Company's accounting records reported the following account balances as of December $31,2031$:

Cost of goods sold $...........$ $$184,000$

Building $.................$ $ $96,000$

Utilities payable $............$ $$38,000$

Copyright $......................$ $$49,000$

Insurance expense $............?$

Accumulated depreciation $....$ $$51,000$

Retained earnings $............$ $$107,000($at Jan. $1,2031)$

Interest revenue $............$ $ $45,000$

Accounts receivable $..........$ $$89,000$

Notes payable $................$ $$159,000($due $03/01/2035)$

Dividends $...................$ Is $?$

Supplies $..................$ $ $ $67,000$

Income tax expense $...........$ $ $26,000$

Equipment $................$ $$113,000$

Patent $........................?$

Sales revenue $................$ $$272,000$

Cash $.......................$ $ $31,000$

Common stock $..............$ $$214,000$

Rent expense $...............$ $$64,000$

Accounts payable $............$ $$56,000$

Inventory $......................?$

Service revenue $..............$ $ $79,000$

Additional information:

Total current assets at Dec. $31,2031$ were equal to $55\%$ of the total assets at Dec. $31,2031.$

Total equity at Dec. $31,2031$ amounted to $$347,000.$

Dividends declared during $2031$ were equal to $60\%$ of the net income for $2031.$

Calculate the balance in the retained earnings account at December $31,2031.$