A Company Had Revenue of $550,000,rent Expense of $100,000,utility Expense

Multiple Choice

A company had revenue of $550,000,rent expense of $100,000,utility expense of $10,000,salary expense of $125,500,depreciation expense of $39,000,advertising expense of $40,200,dividends in the amount of $183,000,and an ending balance in retained earnings of $402,300.What is the beginning retained earnings for the period?

A) $250,000
B) $235,300
C) $314,700
D) $367,000
E) $350,000