Yana owns a small business selling e-sports accessories. Her balance sheet at the end of last year showed retained earnings of $11,230. The following facts relate to Yana's activities this year.

• Yana declared and paid a dividend of $1,030.
• Yana issued 40 new shares of stock. Investors paid $30 per share.
• Yana earned net income of $40,682

What dollar value of retained earnings should Yana report on her balance sheet at the end of this year?