Presented below is the trial balance of Headland Corporation at December 31, 2020.

		Debit		Credit
Cash		$ 199,850
Sales				$ 8,103,200
Debt Investments (trading) (at cost, $145,000)		156,200
Cost of Goods Sold		4,800,000
Debt Investments (long-term)		301,850
Equity Investments (long-term)		279,850
Notes Payable (short-term)				93,200
Accounts Payable				458,200
Selling Expenses		2,003,200
Investment Revenue				67,270
Land		263,200
Buildings		1,042,850
Dividends Payable				138,850
Accrued Liabilities				99,200
Accounts Receivable		438,200
Accumulated Depreciation-Buildings				152,000
Allowance for Doubtful Accounts				28,200
Administrative Expenses		904,270
Interest Expense		215,270
Inventory		599,850
Gain				84,270
Notes Payable (long-term)				902,850
Equipment		603,200
Bonds Payable				1,002,850
Accumulated Depreciation-Equipment				60,000
Franchises		160,000
Common Stock ($5 par)				1,003,200
Treasury Stock		194,200
Patents		195,000
Retained Earnings				80,850
Paid-in Capital in Excess of Par				82,850
Totals		$ 12,356,990		$ 12,356,990

Prepare a balance sheet at December 31, 2020, for Headland Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

What are the retained earnings?