Smith Inc. experienced the following events during 2019: . Acquired $10,167 cash by issuing common stock. Purchased land for $7,121 cash. Provided services to customers for $8,646 on account. Provided services to customers for $8,896 cash. Selling expenses of $3,459 were incurred but not paid yet. Selling expenses of $3,884 were incurred and paid in cash. A dividend of $2,583 was paid to Smith Inc.'s owners. Assume that this is the company's first year of operations, calculate the balance in the Retained Earnings account as of December 31, 2019. Enter answer as a whole number (no decimals) and without a dollar sign (i.e., 4,250)