Bens Clothing had beginning retained earnings of $24,000. During the year, the company reported sales of $103,490, costs of $68,407, depreciation of $8,200, dividends of $4,000, and interest paid of $478. The tax rate is 35 percent. What is the retained earnings balance at the end of the year?

A. $31,883.25

B. $32,193.95

C. $35,833.24

D. $36,783.24

E. $37,163.25

Net income = ($_________ - $__________ - $_________ - $_________) (1 - 0._____) = $__________; Ending retained earnings = $________ + $________ - $__________ = $_____________