McK Nursery, Incorporated, reports the following account balances on December 31, 2024; cash, $19,000; accounts receivable, $14,000; inventory, $28,000; equipment (net), $76,500; operating leases, $6,500; accounts payable, $17,000; salaries payable, $6,500; interest payable, $2,500; notes payable (due in 18 months). $33,000; common stock, $56,000. Required: Determine the year-end balance in retained earnings for McK Nursery, Incorporated. Retained earnings