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Faith Homes, Inc. had beginning Retained Earnings of $155,264 on January 1, 2025. During the year, the company declared and paid $41,574 of cash dividends

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Faith Homes, Inc. had beginning Retained Earnings of $155,264 on January 1, 2025. During the year, the company declared and paid $41,574 of cash dividends and earned $62,480 of net income. What is the balance in Retained Earnings on December 31,2025? A. $176,170 8. $217,744 C. $51,210 D. $259,318

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