5. At December 31, Year 3, Eagle Corp. reported $1,750,000 of appropriated retained earnings for the construction of a new office building, which was completed in Year 4 at a total cost of $1.5 million. In Year 4, Eagle appropriated $1.2 million of retained earnings for the construction of a new plant. Also, $2 million of cash was restricted for the retirement of bonds due in Year 5. In its Year 4 balance sheet, Eagle should report what amount of appropriated retained earnings? Please explain

A.	$1,200,000
B.	$1,450,000
C.	$3,200,000
D.	$2,950,000