Consider the following balance sheet data for Steves Music Stores:

Cash & equivalents	$	60,000		Accounts payable	$	146,000
Accounts receivable		133,000		Notes payable		179,500
Inventories		379,000		Accrued wages and taxes		92,000
Total current assets	$	572,000		Total short-term liab.	$	417,500
				Long-term debt		293,500
				Common stock		150,000
Net plant & equip.		557,000		Retained earnings		268,000
Total assets	$	1,129,000		Total liabilities & equity	$	1,129,000

How much of the company's profits have been reinvested over the years?

	a.	$150,000
	b.	$60,000
	c.	$418,000
	d.	$1,129,000
	e.	$268,000