Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet:

Assets        Liabilities  
Current Assets:     Current Liabilities:  
Cash  $        34,550   Accounts payable  $      17,950
Accounts receivable 24,700   Notes payable 13,890
Supplies 2,650      
Prepaid insurance 1,300   Stockholder's Equity  
Equipment 14,825   Common Stock 25,000
Total Assets     Retained Earnings   
        Total Stockholder's Equity   
      Total Liabilities + Stockholder's Equity  

 

Compute Retained Earnings.

$

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