he accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$	129,500
Cash dividends declared for the year		49,500
Proceeds from the sale of equipment		84,500
Gain on the sale of equipment		7,700
Cash dividends payable at the beginning of the year		21,500
Cash dividends payable at the end of the year		24,200
Net income for the year		95,500

What is the ending balance for retained earnings?

Multiple Choice

• $205,500.

• $175,500.

• $255,000.

• $181,000.

• $283,000.