A firm provides the following information: At the beginning of the year: total assets $ 195,000 total liabilities $ 115,000 retained earnings $ 45,000 total shareholders' equity S 80,000 During the year: earned net income declared cash dividends $ 75,000 $ 30,000 At the end of the year: total assets total shareholders' equity $ 292,500 $ 125,000 What was the total balance for Retained Earnings at the end of the year? Select one: a. $120,000 O b. $75,000 C. $90,000 d. $125,000 e. None of the above