The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year $ 126,000
Cash dividends declared for the year 46,000
Proceeds from the sale of equipment 81,000
Gain on the sale of equipment 7,000
Cash dividends payable at the beginning of the year 18,000
Cash dividends payable at the end of the year 20,000
Net income for the year 92,000

What is the ending balance for retained earnings?

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