At January 1, 2018, Alligator Industries Reported Retained Earnings of $150,000

Multiple Choice

At January 1, 2018, Alligator Industries reported retained earnings of $150,000. During 2018, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2018, the amount of retained earnings is

A) $105,000.
B) $120,000.
C) $135,000.
D) $165,000.