Wendell Company provided the following pertaining to its accounting year that ended December 31, 2016: Common stock with a $10,000 par value was sold for $53,000 cash Cash dividends totaling $20,300 were declared, of which $15,300 were paid Net income was $73,000 A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $23,300 market value Treasury stock repurchased in a prior year for $9,300 was resold for $7,300 and in the journal entry to record the sale, Additional paid-in capital was debited for the amount of the difference between the repurchase price and the resale price What is the amount of the increase in Wendells retained earnings for the year ended December 31, 2016?