During 2007, ABC had sales of $68,919. Cost of goods sold, administrative expenses and selling expenses, and depreciation expenses were $36,661, $6,410, and $5,936, respectively. In addition, the company had an interest expense of $4,497, and a tax rate of 30%. The company paid$7,842 as dividends. If the retained earnings is 2006 were $50,877, what are the retained earnings in 2007?