Retained earnings, December 31, 2018: $310,100

Cost of equipment purchased during 2019: $35,000

Net loss for the year ended December 31, 2019: $4,700

Dividends declared and paid in 2019: $16,200

Decrease in cash balance from January 1, 2019 to December 31, 2019: $13,200

Decrease in long-term debt in 2019: $12,100

Required: From the above data, calculate the retained earnings balance as of December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2019 Cash balance Equipment Long-term debt Retained earnings, December 31, 2018 Retained earnings, December 31, 2019