On December 1, 2022, Bronner Freight had a beginning balance in retained earnings of $55,300. Bronner Freight uses cash basis accounting. The following cash transactions occurred during the month of December: A. Bronner Freight received $12,000 in fees from customers for services performed during December B. Bronner Freight paid $6,500 in wages during the month of December C. Bronner Freight paid its owner, Saul, a $2,000 dividend D. Bronner Freight purchased land for $50,000 cash Compute Bronner Freight's ending balance in Retained Earnings on December 31, 2022 after all transactions have been recorded.