Blue Ltd. has the following account balances at the end of the 2015 year.

Accounts payable	30,000	Land	100,000
Accounts receivable	20,000	Long term debt	115,000
Accumulated depreciation	40,000	Prepaid expenses	5,000
Building	120,000	Repairs expense	3,000
Cash	5,000	Retained earnings (opening)	86,800
Owners' capital	140,000	Salaries expense	155,000
Cost of goods sold	315,000	Salaries payable	10,000
Depreciation expense	14,000	Sales	520,000
Dividends	3,500	Sales discounts	1,800
Entertainment expense	2,800	Sales returns and allowances	4,000
Income tax expense	10,500	Supplies	1,000
Income tax payable	5,000	Supplies expense	1,200
Inventory	165,000	Deferred revenue	10,000

Retained earnings at the end of 2015 for Blue Ltd. is:

a)

$95,000

b)

$99,000

c)

$96,000

d)

$101,000

e)

$106,000