Gardiner, Inc. reported a retained earnings balance of $190,000 at December 31, 2018. In June 2019, Gardiner discovered that merchandise costing $50,000 had not been included as ending inventory in its 2018 financial statements. Also, a $20,000 accrued expense was omitted on 12/31/18. Gardiner has a 20% tax rate. Assuming the correcting journal entry net of tax was recorded, what amount should Gardiner report as adjustedbeginningretained earnings in its 2019 statement of retained earnings?

Select one:

a. $230,000b. $240,000c. $166,000d. $246,000e. $214,000