Bonita Industries started the year with $52800 in its Common Stock account and a credit balance in Retained Earnings of $38700. During the year, the company earned net income of $42200, and declared and paid $17600 of dividends. In addition, the company sold additional common stock amounting to $24600. As a result, the balance in retained earnings at the end of the year would be

a. $140700.

b. $116100.

c. $63300.

d. $87900.