Mobile Power Corp.reported the following information for the year ended December 31,2014. 
What was the retained earnings balance for Mobile Power at December 31,2013?
Definitions:
Discount
A reduction applied to the price of goods, services, or securities.
Future Value
The value of an asset or an amount of money at a specific point in the future, taking into account interest or capital gains.
Interest Rate
The percentage of an amount of money charged for its use over a specific period of time.
Present Value
The immediate fiscal worth of a future amount of money or cash flow streams, discounted with a specific rate of return.
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