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Dindle, Inc. had beginning retained earnings of $73,200. During the year, the company reported sales of $132,400, costs of $75,800, depreciation of $9,100, dividends of

Dindle, Inc. had beginning retained earnings of $73,200. During the year, the company reported sales of $132,400, costs of $75,800, depreciation of $9,100, dividends of $3,500, and interest paid of $2,300. The tax rate is 21 percent. What is the retained earnings balance at the end of the year?

$93,390

$82,530

$79,820

$105,408

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