A home lighting manufacturer has retained earnings of $65,000 as of December 31, 2021. The Pro-forma income statement projects net income of $30,000 for 2022. The company expects to declare their annual dividend on April 30, 2022 of $0.60 per share and has a total of 100,000 shares outstanding. What will the projected retained earnings account be as of December 31, 2022? O $25,000 O $35,000 O $95,000 O $155,000