At the Beginning of the Year,a Company's Balance Sheet Reported

Multiple Choice

At the beginning of the year,a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities = $25,000; Total Paid-in capital of $100,000; and Retained earnings = $100,000.During the year,the company reported revenues of $46,000 and expenses of $30,000.In addition,dividends for the year totaled $20,000.Assuming no other changes to Retained earnings,the balance in the Retained earnings account at the end of the year would be:

A) $116,000.
B) $136,000.
C) $24,000.
D) $96,000.
E) $104,000.