C CoReported a Retained Earnings Balance of $200,000 at December 31,2015

Multiple Choice

C Co.reported a retained earnings balance of $200,000 at December 31,2015.In September 2016,C determined that insurance premiums of $30,000 for the three-year period beginning January 1,2015,had been paid and fully expensed in 2015.C has a 30% income tax rate.What amount should C report as adjusted beginning retained earnings in its 2016 statement of retained earnings?

A) $210,000.
B) $214,000.
C) $220,000.
D) $221,000.