A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $130,000. During the year, Sales Revenue amounted to $85,000. Cost of Goods Sold was $40,000. and all other expenses totaled $10,000. The company declared and paid $28,000 as dividends. The ending balance of Retained Earnings would be OA. $139.000 O B. $130.000 OC. $165.000 D. $191,000