During 2016,JLK Ltd Earned Revenue of $2000 and a Net

Multiple Choice

During 2016,JLK Ltd earned revenue of $2000 and a net profit of $500.Dividends of $400 were declared.At 1 January 2016,the balance of retained profits was $890,assets were $3800 and liabilities were $1500.What was the balance of JLK Ltd's retained profits at 31 December 2016?

A) $790
B) $890
C) $990
D) $2490