Company X has 5,000 shares of $100 par preferred stock outstanding. Each preferred stock share was sold for $116 a few years ago. The company also has 100,000 shares of $10 par common stock outstanding. Each common stock share was sold for $10.50 a few years ago. If on December 31, 2017, total stockholders' equity is $1,860,000, what is retained earnings?

Select one:

a.$230,000

b.$360,000

c.$330,000

d.$490,000