National Shops, Inc. reported the following amounts on its balance sheet on December 31, 2009:

Cash	$	300,000
Accounts Receivable		25,000
Bank Loan Payable		700,000
Unearned revenue		5,000
Merchandise Inventory		150,000
Contributed capital		250,000
Net property, plant and equipment		600,000
Prepaid Supplies		30,000
Accounts payable		45,000
Retained earnings		?

If the beginning balance of National