During 2016, XYZ Corporation reported net income of $200 and paid dividends of $140. XYZ's December 31, 2015 statement of financial position reported the following items: common stock = $220, capital surplus = $180, retained earnings = $400. What is the value of the retained earnings account for the December 31, 2016 statement of financial position? Select one: O a. $440 O b. $560 O c. $460 O d. $360 O e. $540