6. 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 $450,000, cash dividends for the year 2017 was $50,000, net income for the year of 2017 was $150,000? * (2 Points) $ 250,000 All provided answers are wrong $ 600.000 O $ 550.000 $ 650.000