Clowns-R-Us Reported the Following in the Statement of Comprehensive Income

Multiple Choice

Clowns-R-Us reported the following in the statement of comprehensive income for the year ended December 31: During the year,the company paid $105,000 in dividends and purchased treasury stock with a par value of $20,000 at a cost of $95,000.If the balance of Retained Earnings at the beginning of the year was $4,400,000,what is the balance of Retained Earnings at the end of the year?

A) $5,145,000
B) $5,050,000
C) $4,805,000
D) $4,710,000