McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $31,000; accounts receivable. $26,000; Inventory, $40,000; equipment (net), $82,500; operating leases, $12,500; accounts payable, $29,000; salaries payable, $12,500; interest payable, $8,500; notes payable (due in 18 months), $45,000; common stock, $80,000. Required: Determine the year-end balance in retained earnings for McK Nursery, Incorporated. Retained earnings