Retained earnings, December 31, 2015 $ 623,600

Cost of equipment purchased during 2016 64,800

Net loss for the year ended December 31, 2016 $ 9,400

Dividends declared and paid in 2016 37,000

Decrease in cash balance from January 1, 2016, to December 31, 2016 $27,200

Decrease in long-term debt in 2016 $ 29,600

Required:

From the above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by a minus sign.)