The Accountant for Huckleberry Company Is Preparing the Company's Statement

Short Answer

The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
$\begin{array}{l|r}\text { Retained earnings balance at the beginning of the year } & \$ 151,000 \\\text {Cash dividends declared for the year}& 46,000\\\text {Net income for the year}&92,000 \end{array}$

What is the ending balance for retained earnings?
A) $\$ 243,000$ .
B) $\$ 197,000$ .
C) $\$ 105,000$ .
D) $\$ 13,000$ .
E) $\$ 264,000$