Benedict Company compiled the following financial information as of December 31: revenues -280000

common stock-60000

equipment- 150000

expenses- 250000

cash- 70000

dividends- 20000

supplies- 10000

accounts payable- 40000

accounts receivable- 30000

rertained earnings- 150000

Benedicts retained earnings on December 31 are:

a.

$150,000

b.

$180,000

c.

$160,000

d.

$10,000