Benson Inc. had a credit balance in Retained Earnings on December 31, 2020, of $48,000. During 2021, Benson recorded profit of $146,000 and declared and paid dividends of $47,000. During 2022, the company recorded a loss of $15,000. No dividends were declared or paid in 2022. Calculate the balance in Retained Earnings at December 31, 2022.