I recently closed my C-Corp business (corporation still exists). It was a print shop and all the assets were sold for salvage as the business model was obsolete. I have some money left in the bank... but also am left with a huge retained earnings of twice the cash on hand. Am I subject to income tax on the Retained Earnings. What can I do to minimize a tax hit? Thanks in advance.

Cash on hand: $200,000
Retained Earn: $368,000
Paid In Cap : $35,000