From the Data Given Below, Calculate the Retained Earnings Balance

From the data given below, calculate the Retained Earnings balance of December 31, 2013. $$\begin{array} { l r } \text { Retained earnings, December 31, } 2014 & \$ 115,000 \\\text { Increase in total liabilities during 2014 } & 33,000 \\\text { Gain on the sale of buildings during 2014 } & 14,000 \\\text { Dividends declared and paid in 2014 } & 9,000 \\\text { Proceeds from sale of common stock in 2014 } & 32,000 \\\text { Net income for the year ended December 31, 2014 } & 41,000\end{array}$$ Prepare the retained earning portion of a statement of changes in stockholders' equity for the year ended December 31, 2014. $\begin{array}{llcc} \text {Retained earnings, December 31,2013 } &\$?\\ \text { Add: Net income for the year } &41,000\\ \text { Less: Dividends for the year } &\underline{(9,000)}\\ \text {Retained earnings, December 31,2014 } &\underline{\underline{\$115,000}}\\\end{array}$