Elston Company compiled the following financial information as of December 31:

Revenues	$420,000
Common stock	90,000
Equipment	120,000
Expenses	480,000
Cash	105,000
Dividends	30,000
Supplies	15,000
Accounts payable	60,000
Accounts receivable	45,000
Retained earnings, 1/1	225,000

Elstons retained earnings on December 31 are:

Question 4Select one:

a.

$135,000

b.

$90,000

c.

$165,000

d.

$240,000

e.

255,000