Accounts Payable Accounts Receivable 2: Bridgewater Company had the following account balances for the year ended December 31, 2021 Income Taxes Payable $ 150,000 $75,000 130,000 Accumulated Depreciation Income Taxes Expense 90,000 Cash 195,000 260,000 Interest Expense 5,000 Inventories 180,000 Common Shares 160,000 Loan Payable, due December 31, 20261 110,000 Cost of Goods Sold 430,000 Prepaid Insurance Expense Retained Earnings, at January 1, 60,000 Deferred Revenue 70,000 2021 270,000 Depreciation Expense 70,000 Salaries Expense 360,000 Dividend Declared 65.000 Sales Revenue 1,220,000 Equipment 580,000 Utility Expense 20,000 Assuming that the Net Income of year 2021 was $235,000, what is the amount of Retained Earnings at December 31, 20217 $440,000 $505,000 $515,000 $445.000