Below is a table showing Revenues and Expenses for the three years ended 12/31/2018-2020, and Dividends declared and paid during those same years for XYST, Inc. Assume the balance of Retained Earnings as of 1/1/2018 was $91,065:

	2018	2019	2020
Revenues	$1,055,830	$840,355	$1,320,610
Expenses	$930,480	$1,044,260	$1,211,900
Dividends	$1,500	$0	$2,250

The balance of Retained Earnings as of 12/31/2020 is:

Group of answer choices

$214,915

None of the other answers are correct

$106,460

$117,470

$197,525