Quartz instruments had retained earnings of $145,000 at december 31, 2017. net income for 2018 was $90,000, and dividends for 2018 were $30,000. what amount of retained earnings should be reported at december 31, 2018?
(a) $145,000
(b) $205,000
(c) $235,000
(d) $175,000

(B) $205,000

Explanation:

Retained  earnings at December 31, were $145.000, with the Net Income for 2018 of $90.000 the total amount of Retained earnings up to $235.000, but as the company has paid dividends for $30.000, it means a cash out of $30.000.

So the new balance in the Retained Earnings Account it's $205.000

answer; i believe the answer is 40,600,000;