On July 1, TruData Company issues 11,400 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Companys outstanding voting shares. Webstats precombination book and fair values are shown below along with book values for TruDatas accounts.

	TruData				Webstat				Webstat
	Book Values				Book Values				Fair Values
Revenues (1/1 to 7/1)	$	(313,800	)		$	(182,000	)
Expenses (1/1 to 7/1)		172,000				98,000
Retained earnings, 1/1		(112,000	)			(150,000	)
Cash and receivables		176,000				64,000			$	64,000
Inventory		178,000				156,000				172,000
Patented technology (net)		220,000				182,000				198,000
Land		414,000				216,000				244,000
Buildings and equipment (net)		98,000				80,000				80,000
Liabilities		(514,000	)			(360,000	)			(340,000	)
Common stock		(310,000	)			(74,000	)
Additional paid-in capital		(8,200	)			(30,000	)

rev: 05_10_2017_QC_CS-88998, 05_18_2017_QC_CS-89463

On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1?