Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of 5 pat value common stock During 2021. Con Emporium had the following transactions relating to stockholders equity Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share Reported a net income of $100.000 Pald dividends of $50,000. What is the ending balance in the Retained Earnings account at the end of 2021? Multiple Choice $50,000 $370,000 $420,000 $100,000