McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $18,000; accounts receivable, $13,000; inventory, $27,000; equipment (net), $76,000; operating leases, $6,000; accounts payable, $16,000; salaries payable, $6,000; interest payable, $2,000; notes payable (due in 18 months), $32,000; common stock, $54,000. Required: Determine the year-end balance in retained earnings for McK Nursery, Incorporated.