For the Past Five Years,Mookie Consulting Services Reported the Following

Multiple Choice

For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts: If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1?
$$\begin{array} { | l | r | r | } \hline \text { Year } & \text { Net Income } & \text { Dividends } \\\hline 1 & \$ 22,000 & \$ 2,000 \\\hline 2 & 17,000 & 2,000 \\\hline 3 & 9,000 & 1,000 \\\hline 4 & 14,000 & 3,000 \\\hline 5 & 25,000 & 4,000 \\\hline\end{array}$$

A) $13,000.
B) $25,000.
C) $7,000.