Retained earnings, December 31, 2018 $312,600 Cost of equipment purchased during 2019 44,000 Net loss for the year ended December 31, 2019 4,600 Dividends declared and paid in 2019 14,900 Decrease in cash balance from January 1, 2019 to December 31, 2019 Decrease in long-term debt in 2019 12,200 17,600 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