The following account balances were taken from the accounting records of Towing company for the year ended December 31, 2821: Trademark Notes payable Accounts receivable Equipment Interest revenue salaries payable Patent Dividends Cost of Goods Sold Accounts payable Inventory Sales revenue Cash $96,800 $42,880 $85,000 $17,600 $23,000 $19,800 $11,ee0 $46,000 $81,000 $94,800 $26,ee0 $31,0e0 $56,eee (at January 1, 2021) salaries expense Retained earnings Land Income tax expense Common stock $1e,000 Supplies $15,ee0 Additional information 1. Total current assets at December 31, 2021 are equal to 45% of total assets at December 31, 2821. 2. Total equity at December 31, 2e21 is equal to 60% of total liabilities at December 31, 2021. a. Total intangible assets at Decenber 31, 2021 are equal to 48% of total equity at December 31, 2021. calculate the amount of retained earnings reported on Towing company's balance sheet at December 31, 2821