During the Year, Roger Company Earned Revenues of $114,000, Incurred

Multiple Choice

During the year, Roger Company earned revenues of $114,000, incurred $98,000 for various operating expenses, and distributed $5,600 in dividends. If retained earnings for the previous year was $34,600, what is retained earnings for the current year?

A) $45,000
B) $24,200
C) $16,000
D) $34,600