Given the following information for Sandstone, Inc. net income= $300,000; beginning of year retained earnings= $80,000; common stock dividends paid...

Given the following information for Sandstone, Inc.: net income= $300,000; beginning of year retained earnings= $80,000; common stock dividends paid per year = $64,000. Compute the end of year retained earnings.

a) $316,000

b) $444,000

c) $236,000

d) $284,000

e) $0