8.A9. At the beginning of the month, the balance in the Retained Earnings account is $300,000 for the company.During the month the company had the following external transactions.Determine ending Retained Earnings.(a)Provide services to customers in exchange for cash$125,000(b)Pay dividends to stockholders50,000(c)Provide services to customers on account25,000(d)Purchase equipment and pay cash100,000(e)Pay rent for the month5,000(f)Pay workers' salaries for the month70,000(g)Issue common stock for cash10,000