Woodlawn Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$ 248,000
Cash dividends declared for the year	53,750
Proceeds from the sale of equipment	91,600
Gain on the sale of equipment	4,950
Cash dividends payable at the beginning of the year	23,650
Cash dividends payable at the end of the year	31,500
Net income for the year	118,250

The ending balance in retained earnings is: