As of December 31, 2018, Rose Company had a total cash f $100,000, notes payable of $50,000 and common stock of $45,000. During 2019, the company earned $8,5000 of revenue, paid $3,000 operating expenses, and paid $5,000 as cash dividend to the shareholders. The amount of retained earnings as of December 31, 2019, is a. $5,000 b. $5,500 d. $7,000 None of the answers are correct