At December 31, 2014 Keen Company Had Retained Earnings of $1,292,000

Multiple Choice

At December 31, 2014 Keen Company had retained earnings of $1,292,000. During 2014 they issued stock for $49,000, and paid dividends of $17,000. Net income for 2014 was $201,000. The retained earnings balance at the beginning of 2014 was

A) $1,476,000.
B) $1,108,000.
C) $1,157,000.
D) $1,427,000.