Bava Consulting has the following account balances at December 31, the end of its fiscal year. Service Fees Earned $85,000 Rent Expense $22,000 Salaries Expense 50,000 Supplies Expense 4,000 Depreciation Expense 18,000 Retained Earnings 70,000 Set up T-accounts for each account and record the above amounts in each account. Then, post the closing entries to the T-accounts. After these entries are posted, what is the balance of the Retained Earnings account