NOTE: THE OTHER EXERCISES SOLVED AT CHEGG WERE INCORRECT FOR THIS ANSWER.

The following list of balance sheet items are in random order for Alexander Farms, Inc., at September 30, current year.

Land	$	490,000		Fences and gates	$	33,570
Barns and sheds		78,300		Irrigation system		20,125
Notes payable		330,000		Cash		16,710
Accounts receivable		22,365		Livestock		120,780
Citrus trees		76,650		Farm machinery		42,970
Accounts payable		77,095		Retained earnings		?
Property taxes payable		9,135		Wages payable		5,820
Capital stock		290,000

a-2. Compute the amount to be shown for retained earnings.

I