You (USA dealer) contributed $50,000 to start a car trading company on Jan 1, 2018.

Lets suppose you (USA dealer) imported 10 Mercedes from a German dealer on Dec 1, 2018 at 70,000 each, payable in 60 days. The exchange rate on Dec 1, 2018 was 1.15 US$/. Then you sold all of them in the US market at US$87,000 (each BMW) in cash on Dec 29, 2018. The exchange rate on Dec 31, 2018 was 1.13 US$/ .

You (USA dealer) contributed additional $20,000 on Jan 1, 2019.

On Jan 31, 2019, you paid to German car dealer at the exchange rate of 1.11 US$/.

You purchased a company car (not for sales) in cash ($25,000) on Dec 31, 2019. (No need to record depreciation.)

What was Retained Earnings in 2019?