Pinson Company Began the Year 2022 with Retained Earnings of $670,000.During

Multiple Choice

Pinson Company began the year 2022 with retained earnings of $670,000.During the year, the company sold additional shares of stock for $1,000,000, recorded revenues of $600,000, expenses of $380,000, and paid dividends of $140,000.What was Pinson's retained earnings balance at the end of 2022?

A) $1,030,000
B) $750,000
C) $1,130,000
D) $600,000