Retained earnings, 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 $ 623,600 64,800 9,400 37,000 27,.200 29,600 Required: From the a minus sign.) above data, calculate the retained earnings balance as of December 31, 2016. (Deductible amounts should be indicated by Statement of Stockholders' Equity (Partial For Year Ended December 31, 2016