C Co. reported a retained earnings balance of $320,000 at December 31, 2020. In September 2021, C determined that insurance premiums of $51,000 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 C report as adjusted beginning retained earnings in its 2021 statement of retained earnings? Multiple Choice $345,500 $354,000 $337,000 $358.250. < Byev 14 of 23 Next >>