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

	Debit	Credit
Cash	$199,140
Sales		$7,904,980
Debt Investments (trading) (cost, $145,000)	157,980
Cost of Goods Sold	4,804,980
Debt Investments (long-term)	301,140
Equity Investments (long-term)	279,140
Notes Payable (short-term)		94,980
Accounts Payable		459,980
Selling Expenses	2,004,980
Investment Revenue		64,580
Land	260,000
Buildings	1,042,140
Dividends Payable		138,140
Accrued Liabilities		100,980
Accounts Receivable	439,980
Accumulated DepreciationBuildings		352,000
Allowance for Doubtful Accounts		29,980
Administrative Expenses	901,580
Interest Expense	212,580
Inventory	599,140
Extraordinary Gain		81,580
Notes Payable (long-term)		902,140
Equipment	604,980
Bonds Payable		1,002,140
Accumulated DepreciationEquipment		60,000
Franchises	160,000
Common Stock ($5 par)		1,004,980
Treasury Stock	195,980
Patents	195,000
Retained Earnings		80,140
Paid-in Capital in Excess of Par		82,140
	$12,358,740	$12,358,740

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