At the start of the month, a corporation reported retained earnings of $154,000. During the month, it incurred expenses of $10,000, earned revenues of $25,000, received $9,000 of cash from stockholders in exchange for additional common stock, and paid dividends of $6,000. What is the balance in retained earnings at the end of the month?

a. $166,000 debit

b. $179,000 debit

c. $160,000 credit

d. $163,000 credit

e. $184,000 credit