First Corporation had Retained Earnings at the end of December 31, 2018 of $469,000. During 2019, the company had net income of $189,000 and declared dividends of $21,900. The amount of Retained Earnings reported on the balance sheet as of December 31, 2019 will be:
A. $679,900.
B. $658,000.
C. $636,100.
D. $447,100.
Answer: C
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