As of January 1, 20XX, Elena's Store had a balance in its retained earnings account of $100,000. During the year Elena's Store had revenues of $80,000 and expenses of $45,000. In addition, the business paid cash dividends of $20,000. What is the balance in ?Retained Earnings at December 31, 20XX for Elena's Store $115,000 a O $135,000 b O $155,000 .CO $100,000 -d O Net income for the ABC Company amounted $1,200,000 during 2016. Shareholders' equity at the same year consist of 5,000 noncumulative 6% Ps ($100 par value) and 100,000 Cs ($10 par value). The return on common equity (ROCE) equals: O a 0.78% O b. 1.2% Oc. All options are incorrect O d. 0.8%