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Best Instruments had retained earnings of $380,000 at December 31, 2020. Net income for 2021 totaled $230,000, and dividends declared for 2021 were $40,000.

Best Instruments had retained earnings of $380,000 at December 31, 2020. Net income for 2021 totaled $230,000, and dividends declared for 2021 were $40,000. How much retained earnings should Best report at December 31, 2021? OA. $420,000 OB. $380,000 OC. $570,000 D. $610,000

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