Refer to the data below. ...
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Accounting
Refer to the data below.
| Retained earnings, December 31, 2016 | $ | 692,800 |
| Cost of buildings purchased during 2017 | 83,600 | |
| Net income for the year ended December 31, 2017 | 113,800 | |
| Dividends declared and paid in 2017 | 65,000 | |
| Increase in cash balance from January 1, 2017, to December 31, 2017 | 46,000 | |
| Increase in long-term debt in 2017 | 89,200 | |
Required:
From the above data, calculate the Retained Earnings balance as of December 31, 2017:
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