Retained earnings, December 31, 2011

$

490,400


Net decrease in total assets during 2011


74,800

Net increase in accounts receivable in 2011


17,200

Dividends declared and paid in 2011



67,200



Proceeds from issuance of bonds during 2011



176,800



Net loss for the year ended December 31, 2011



46,000




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Required:

Calculate the Retained Earnings balance as of December 31, 2010. (