Varghese Inc. prepared the following income statement for the year ended September $30,2023.$

Varghese Inc.

Income Statement

For the Year Ended September $30,2023$

Sales Revenue $$482,000$

Cost of Goods Sold $$192,800$

Gross Profit $$289,200$

Expenses

Insurance $$18,280$

Maintenance $$14,460$

Rent $$38,560$

Professional Fees $$3,640$

Salaries $$72,300$

Telephone $$9,640$

Travel $$2,840$

Depreciation $$19,280$

Total Expenses $$179,000$

Net Income $($Loss$)$ $$110,200$

Retained earnings as at October $1,2022$ was $$313,300.$ The company declared $$27,550$ in dividends during the year ended September $30,2023.$ Calculate the retained earnings balance for the year ended September $30,2023.$