The following account balances are available for Dresden Corp on 12/31/2019. Service revenue $122,040 Unearned revenue $810 Cash $6,975 Depreciation expense $46,620 Property, plant, and equipment $77,094 Pre-paid insurance $9,000 Accumulated Depreciation $18,000 Accounts payable $15,309 Income taxes payable $3,186 Common stock $54,225 Inventory $18,765 Retained earnings, 1/1/2019 $33,750 Accounts receivable $24,255 Income tax expense $10,611 Dividends Payable $2,700 Loss on sale of equipment $54,000 The $2,700 in dividends were declared on 12/1/2019 and will be paid on 3/1/2020. On the balance sheet, retained earnings for 2019 is