At December 31, 2014 Lowery Company Had Retained Earnings of $2,384,000

Multiple Choice

At December 31, 2014 Lowery Company had retained earnings of $2,384,000. During 2014 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2014 was $402,000. The retained earnings balance at the beginning of 2014 was

A) $2,752,000.
B) $2,016,000.
C) $2,114,000.
D) $2,654,000.