Tuscan Inc. had a retained earnings balance of $78,000 at December 31, 2018. During the year, Tuscan had the following selected transactions Reported net income of $118.000 Revised an estimate of a machine's salvage value. Depreciation increased by $2,800 per year. An error was discovered. Three years ago, a purchase of a building was incorrectly expensed. The effect is understated retained earnings of $30.000 (net of tax benefit). Paid cash dividends of $51,000 Calculate the retained earnings balance at December 31, 2019. (Amounts to be deducted should be indicated with a minus sign) TUSCAN INC Statement of Retained Earnings For Year Ended December 31, 2019 Prior period adjustment 0 $ 0