Save & Exit Masa Corporation presented below selected balances related to the Company at December 31, 2018 Cash $ 7,500 Dividends $ 24,000 Accounts payable $5,000 Equipment $ 100,000 Land $ 150,000 Supplies $ 2.000 If the net income for the month was $ 36,000 and the balance of the retained earnings at December 1, 2018 was $20,000. What is the balance of ending retained earnings that will be reported in the retained earnings statement for the month ended December 31, 2018