Hutchinson Company Had Retained Earnings of $15,000 on the Balance

Multiple Choice

Hutchinson Company had retained earnings of $15,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments. Cash of $2,000 had been set aside for the plant expansion. How much of retained earnings is available for dividends?

A) $12,000.
B) $13,000.
C) $15,000.
D) $10,000.