Presented below is the trial balance of Vivaldi Corporation at December 31, 2012.

Accounts	Debit		Credit
Notes Payable (long-term) I/S B/S			1,902,140
Interest Expense	212,580
Administrative Expenses	901,580
Dividend	98,140
Equity Investments (short-term AFS)	279,140
Accrued Liabilities			100,980
Inventory	599,140
Equipment	604,980
Bonds Payable			1,002,140
Debt Investments (long-term)	301,140
Franchises	160,000
Accounts Receivable	439,980
Accumulated DepreciationBuildings Contra asset			352,000
Current portion of Bonds payable			344,980
Paid-in Capital in Excess of Par			2,463,120
Allowance for Doubtful Accounts			29,980
Land	260,000
Land held for speculation	12,000
Patents	195,000
Accounts Payable			459,980
Selling Expenses	2,004,980
Buildings	1,042,140
Goodwill	3,400,000
Impairment of goodwill	12000
Accumulated DepreciationEquipment			60,000
Investment Revenue			64,580
Dividends Payable			98,140
Sales			$8,904,980
Common Stock ($5 par)			100,000
Retained Earnings, Beginning balance			80,140
Cost of Goods Sold	4,804,980
Treasury Stock	195,980
Debt Investments (trading) (cost, $145,000)	157,980
Cash	161,000
Gain on Sale of building			81,580
Accumulated other comprehensive income			48,000
Tax expense	250,000
Total	16,092,740		16,092,740

Calculate ending retained earnings and prepare a classified balance sheet at December 31, 2012, for Vivaldi Corporation. Ignore income taxes.

NotesPlease cover detailed process