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helppp Nichole Company's balance sheet as of December 31, 2016 showed total assets of $400,000, and total liabilities of $180.000, and common stock of $135.000.

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Nichole Company's balance sheet as of December 31, 2016 showed total assets of $400,000, and total liabilities of $180.000, and common stock of $135.000. During 2017, the company reported revenues of $188,000, expenses of $130,000, and paid dividends of $45,000. What was the balance in the Retained Earnings account on January 1. 2018? Select one: a $105,000 b. $83,000 c. $87.000 d. $98.000

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