The trial balance for K and J Nursery, Inc., listed the following account balances as of December 31, 2013, the end of its fiscal year: cash, $19,000; accounts receivable, $14,000; inventories, $28,000; equipment (net), $83,000; accounts payable, $17,000; wages payable, $6,500; interest payable, $2,500; promissory note (maturity 18 months), $33,000; common stock, $56,000.

Determine the year-end balance in retained earnings for K and J Nursery, Inc.

Retained earnings: