14. What is the balance of retained earnings as of 31/12/2017 if you know that retained earnings balance as of 31/12/2016 was $100,000, cash dividends for the year 2016 was $50,000, net income for the year of 2017 was $ 250,000? * (2 points) $300,000 O $ 350,000 0 $250,000 $ 400,000