During 2006, Edgement Corporation had revenues of $230,000 and expenses, including income taxes, of $190.000. December 31,2005, Edgement had assets of $350,000, liabilities of $80,000, and capital stock of $210,000. Edgemont paid a cash dividend of $25,000 in 2006. No additional stock was issued. Compute the retained earnings on December 31,2005, and 2006.