At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $330,000 and Total Liabilities of $25,500 and Total Paid-in capital of $102,000. During the year, the company reported total revenues of $391,000 and expenses of $302,500. Also, dividends during the year totaled $78,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A. $210,000.
B. $213,000.
C. $207,000.
D. $334,500.
E. $288,000.
Answer: B
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