At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $303,000 and Total Liabilities of $23,400 and Total Paid-in...

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $303,000 and Total Liabilities of $23,400 and Total Paid-in capital of $93,600. During the year, the company reported total revenues of $358,000 and expenses of $277,000. Also, dividends during the year totaled $72,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:

Multiple Choice

• $306,000.
• $189,000.
• $192,000.
• $264,000.
• $195,000.