Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800.
-What will the balance in retained earnings be after the reorganization?

A) $ 936,000
B) $ (460,000)
C) $ (268,000)
D) $ 0