From the following data, calculate the retained earnings balance as of December 31, 2010:

Retained earnings, December 31, 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . .$311,800

Cost of equipment purchased during 2010 . . . . . . . . . . . . . . . . . . . . . . . . . 32,400

Net loss for the year ended December 31, 2010. . . . . . . . . . . . . . . . . . . . . 4,700

Dividends declared and paid in 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,500

Decrease in cash balance from January 1, 2010, to December 31, 2010 . . 13,600

Decrease in long-term debt in 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,800