Retained eanings, December 31.2015 Cost of equipment purchased during 2016 Net loss for the year ended December 31, 2016 Dividends declared and paid in 2016 Decrease in cash balance from January 1, 2016, to December 31, 2016 Decrease in long-term debt in 2016 $306,000 45,000 4,800 14.400 13,500 17,200 Required: From the above data, calculate the retained eamings balance as of December 31. 2016. (Deductible amounts should be indicated by a minus sign.) Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2016