As of January 1, 20XX, J&J Corp had a balance in its retained earnings account of P100,000. During the year J & J's Store had revenues of P80,000 and expenses of P45,000. In addition, the business paid cash dividends of P20,000. What is the balance in Retained Earnings at December 31, 20XX for J&J's Corp.? O P100,000 P115,000 O P135,000 O P155,000