Tamarisk Corporation began operations on January 1, 2017. During its first 3 years of operations, Tamarisk reported net income and declared dividends as follows: 2017 2018 2019 Net income $43,200 131,900 168,500 Dividends declared $-0- 56,400 55,200 The following information relates to 2020. Income before income tax Prior period adjustment: understatement of 2018 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $29,300 will be paid on Jan. 15, 2021) Effective tax rate $232,700 $29,300 $39,000 $111,600 20 % Assume Tamarisk Corporation restricted retained earnings in the amount of $68,890 on December 31, 2020. After this action, what would Tamarisk report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings $