The following account balances were taken from ABC Company's 2022 balance sheets: January 1, 2022 December 31, 2022 Accounts payable ? 50,000 Accounts receivable ? 82,000 Cash 35,000 38,000 Common stock 105,000 135,000 Inventory 70,000 ? Income taxes payable 17,000 ? Land 130,000 190,000 Retained earnings ? 162,000 Short-term notes payable 40,000 45,000 The following information was taken from ABC Company's 2022 income statement: Total revenues 500,000 Total expenses <430,000> Net income 70,000 The following information was taken from ABC Company's 2022 statement of cash flows: Net cash flow from operating activities 93,000 Net cash flow from investing activities <60,000> Net cash flow from financing activities <30,000> Net change in cash 3,000 Calculate the retained earnings account balance at January 1, 2022. Do not use decimals in your answer.