Benson Inc. had a credit balance in Retained Earnings on December 31, 2017, of $48,000. During 2018, Benson recorded profit of $146,000 and declared and paid dividends of $47,000. During 2019, the company recorded a loss of $15,000. No dividends were declared or paid in 2019. Calculate the balance in Retained Earnings at December 31, 2019.