Finn, Inc. began the year with a balance in retained earnings of $16,800 and 32,000 shares of $1 par common stock outstanding. During the year, the company reported sales of $98,000, expenses of $80,800, and declared and paid a $0.20 per share cash dividend. How much is the balance in the Retained Earnings account at the end of the year? Select one: a. $43,600 b. $10,800 c. $27,600 d. $34,000