Aubergine Foods Corporation holds 70% of the common stock of Endive Incorporated. On January 1, 20X1, Endive issued $150,000 of 10% preferred stock at par. Aubergine did not purchase any of Endive's preferred stock. For the year 20X1, Endive reported net income of $125,000 and declared common stock dividends of $30,000. The retained earnings of Endive at the beginning of 20X1 was $100,000. 

Calculate the ending retained earnings of Endive for 20X1.

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