Use the following information to answer questions in Part 2: (Hint: use the information to set up as much of the balance sheet and income statement as you can prior to answering the questions):

Accounts Payable $125,000.00

Accounts Receivable $175,000.00

Accrued Expenses $80,000.00

Cash $50,000.00

Common Stock $20,000.00

Cost of Goods Sold $400,000.00

Depreciation Expense $30,000.00

Gross PPE $700,000.00

Inventory $250,000.00

Long Term Debt $150,000.00

Net PPE $250,000.00

Note Payable $30,000.00

Operating Expenses $200,000.00

Sales $950,000.00

Tax Expense $25,000.00

Total Equity $340,000.00

What is the value of the retained earnings?