Berkat Berhad Income Statement for year ended December 31, 2018 Net sales (all credit RM62.750 Less: Cost of goods sold 43.125 Selling and administrative 13,875 expense EBIT 6,750 Interest expense 1.270 Earnings before taxes Income taxes 2,250 Net income RM3.230 Common stock dividends RM1,600 Change in retained earnings RM1.550 5.480 8.88 Berkat Berhad BALANCE SHEET as at December 31, 2018 Assets Liabilities: cash and marketable securities RM10,300Accounts payable RM3.200 Accounts receivable 6.800Notes payable 5.680 Inventories 3.500Total current liabilities Prepaid expenses 240Long-term debe 9.800 Total current assets 20.840 Owner's equity Net fixed assets 11,000Common stock 12.00 Retained Earning 1.166 Total assets RM31,840Total liabilities and owner's equityRM31,840 Berkat Bhd sales for 2019 are projected to grow by 10 percent. The tax rate and also dividend payout rate will remain constant Costs, other expenses, current assets, and account payable increase simultaneously with sales. Assume that Berkat Bhd. is currently operating at full capacity What is Berkat's projected retained earnings for the year 2019 Select one A RM2710 B. RM261 CRM2581 D. RM1421