Mahmoud Manufacturing buys rugs to resell to customers. Mahmoud's December 31st T-Account balances, before recording Tax Expense and the closing journal entry, are below. Cash 1,790 Accounts Receivable 210 Inventory 9,230 Equipment 1,200 Accounts Payable 300 Salary Expense 960 Salary Payable 640 Interest Expense 90 Additional Paid-In Capital 3,000 Notes Payable 4,530 Retained Earnings 0 Rug Revenue 6,225 Cost of Goods Sold 1,040 Rent Expense 465 Common Stock Tax Expense 30 10 Tax Payable 0 Using the above information, Mahmoud first records his income tax expense, and then makes his closing entry. (To calculate income tax expense, first calculate before-tax net income by subtracting all other expenses from revenues, then multiply by the income tax rate to find income tax expense for the period. Closing entries are performed once after-tax net income is calculated.) How much will Mahmoud debit or credit Retained Earnings for in his closing journal entry? Assume an income tax rate of 8% of net income before taxes. Use a negative number to represent a debit to Retained Earnings. Round your final answer to one decimal place.