C Co. reported a retained earnings balance of $310,000 at December 31, 2015. In September 2016, C determined that insurance premiums of $33,000 for the three-year period beginning January 1, 2015, had been paid and fully expensed in 2015. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2016 statement of retained earnings?

$332,000.

$321,000.

$325,400.

$333,100.