At the beginning of 2013, George company had retained earnings of $180,000. During the year George reported net income of $75,000, sold treasury stock at a "gain" of $27,000, declared cash dividend of $45,000, and declared and issued a small stock dividend of 1,500 shares ($10 par value) when the fair value of the stock was $30 per share. what is the amount of retained earnings available for dividends at the end of 2013?