On January 1, 2019, Papaya Company had $72,000 of Retained Earnings. During 2019 Papaya earned profit of $40,000 and declared and paid dividends of $20,000. In addition, the company received cash of $15,000 as an additional investment by its owners. The company had 100,000 shares of $1 par value stock and did a 2 for 1 stock split during the year. What is the ending balance in Retained Earnings at December 31, 2019? (3 points) Show your calculations and label each item