Retained earnings, December 31, 2021 $ 311,000 Cost of buildings purchased during 2022 26,000 Net loss for the year ended December 31, 2022 4,850 Dividends declared and paid in 2022 15,500 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 14,600 16,200 Required: From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 Cash balance Equipment Long-term debt Retained earnings, December 31, 2021