As of December 31, 2018, Rose Company had a total cashf $200,000, notes payable of $40,000 and common stock of $125,000. During 2019, the company earned $3120,000 of revenue, paid $70,000 operating expenses, and paid $10,000 as cash dividend to the shareholders. The amount of retained earnings as of December 31, 2019, is a. $75,000 b. $40,000 c. $70,000 d. 585,000