Sugar Tree Cookies Has Current Net Income of $268,000 of Which

Multiple Choice

Sugar Tree Cookies has current net income of $268,000 of which $110,000 was paid out in dividends.The remaining $158,000 will be shown in which account on the firm's financial statements for next year?

A) long-term debt
B) common stock
C) net income
D) retained earnings
E) paid in surplus