_{White Corporations financial accounting records disclose the following results for the period ending December 31 of the current year:}

_{retained earnings balance on january 1 $246,500}

_{net income for year $259,574}

_{contingency reserve established on December 31 $60,000}

_{cash dividend paid on July23 $23,000}

_{what is whites unappropriated retained earnings balance on December 31 of the current year?}