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CCompany reponed a retained earnings balance of $320,000 at December 31, 2023 In September 2024, C determined that insurance premiums of $75.000 for the

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CCompany reponed a retained earnings balance of $320,000 at December 31, 2023 In September 2024, C determined that insurance premiums of $75.000 for the theee year period beginning January 12023 had been paid and fully expensed in 2023 C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2024 statement of retained earnings Multiple Choce $355.000 $345,000) $320.000 $372,500

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