A company's net income for the year was $$80,000.$ Its beginning retained earnings were $$50,000,$ and during the year, it declared and paid dividends of $$20,000.$ What is the ending Retained Earnings?

a$)$ $$110,000$

b$)$ $$80,000$

c$)$ $$60,000$

d$)$ $$90,000$

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