14. Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $526,500. The 2018 budgeted income statement shows expected net income of $108,500. The company expects to declare dividends during 2018 amounting to $36,500. The expected balance in retained earnings on the 2018 budgeted balance sheet is: $526,500 O $598,500 O $635,000 0 $490,000