QUESTION INFORMATION: Robin Company has the following balances in its permanent accounts as of December 31, 2019 (assume that all accounts have their normal debit or credit balance): Cash $73,000 Common stock 37,000 Land 56,000 Notes payable Retained earnings Supplies 65,000 43,000 16,000 The following transactions apply to Robin Company for the year 2020. Issued stock to investors for $111,000 cash. Purchased land for $99,000 cash. Performed services on account for $77,000. Collected $55,000 on accounts receivable. Paid cash dividends to investors of $11,000. Salaries of $33,000 are earned by employees in December 2020, but will not be paid until January 2021. Supplies of $11,000 are on hand as of December 31, 2020. . QUESTION TO ANSWER: After recording all transactions for 2020, including any necessary adjusting journal entries, Robin's total equity as of December 31, 2020 is $