A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $100,000. During the year, Sales Revenue amounted to $80,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. The company declared and paid $27,000 as dividends. The ending balance of Retained Earnings would be O A. $100,000 O B. $101,000 O C. $155,000 . O D. $128,000