Paquin Company Has the Following Information Available for the Most

Multiple Choice

Paquin Company has the following information available for the most current year:
$\begin{array} { l } \text {Paid-in capital, January 1, 2014 }&\$475,000\\ \text {Retained earnings, January 1, 2014 }&\$50,000 \\ \text {Total revenues in 2014 }&\$890,000 \\ \text { Total expenses in 2014}&\$550,000 \\ \text { Dividend declared in 2014}&\$70,000 \\\end{array}$

What was the balance in Retained Earnings at December 31,2014?

A) $270,000
B) $320,000
C) $390,000
D) $405,000