Calculation of Ending Retained Earnings from Transactions

In the fiscal year ending December 31, 2023, MNO Enterprises reported the following transactions affecting its equity:

• Issued 5,000 shares at $20 each.
• Declared and paid a dividend of $2 per share on 10,000 shares.
• Reported a net income of $50,000 for the year.
• Gained $15,000 from the sale of previously revalued land.

Considering these transactions, what is the ending balance in retained earnings as reported in the Statement of Changes in Equity?