Tuscan Incorporated had a retained earnings balance of $72,000 at December 31 of the prior year, In the current year, Tuscan reported the following results. - Reported net income of $112,000. - Cash dividends of $45,000 declared and paid. - Tuscan discovered this year that it made a math error three years ago; to correct for this, $24,000 (net of tax) must be added to the current year's beginning retained earnings balance. - Revised an estimate of a machine's salvage value. Depreciation increased by $2,200 per year. Calculate the retained earnings batance at December 31 of the current year. Note: Amounts to be deducted should be indicated with a minus sign