C Co. reported a retained earnings balance of $220,000 at December 31, 2020. In September 2021, C determined that insurance premiums of $72,000 for the three-year period beginning January 1, 2020, had been paid and fully expensed in 2020. C has a 25% income tax rate. What amount should report as adjusted beginning retained earnings in its 2021 statement of retained earnings? Multiple Choice $274,000. $256,000. O $244,000. O $268,000