At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities = $100,000; Common Stock, $25,000, and Retained Earnings = $100,000. During the year, the company reported revenues of $46,000 and expenses of $30,000. In addition, dividends for the year totaled $20,000. Assuming no other changes to retained earnings, the balance in the retained earnings account at the end of the year would be: $116,000. $136,000. $24,000. $96,000. $104,000.