The stockholders' equity section of the January 1, 2031 balance sheet for XYZ Company is given below: Common stock, $4.50 par value $135,000 Paid-in capital - common stock $102,000 Retained earnings ... $ 63,000 XYZ Company entered into the following transactions during 2031: a. Re-acquired 8,700 shares of its common stock by paying $5.10 per share. b. Re-issued 1,200 of the shares that were re-acquired in (a) for $6.70 per share. c. Re-issued 1,900 of the shares that were re-acquired in (a) for $3.50 per share. d. Re-issued 1,300 of the shares that were re-acquired in (a) for $5.70 per share. e. Re-issued 1,400 of the shares that were re-acquired in (a) for $4.80 per share. Calculate the balance in the retained earnings account after all five transactions above are recorded