C Co Reported a Retained Earnings Balance of $200,000 at December

Multiple Choice

C Co. reported a retained earnings balance of $200,000 at December 31, 2017. In September 2018, C determined that insurance premiums of $30,000 for the three-year period beginning January 1, 2017, had been paid and fully expensed in 2017. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2018 statement of retained earnings?

A) $210,000.
B) $214,000.
C) $220,000.
D) $221,000.