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HUD, Co. had a beginning retained earnings of $30,020. For the year, the company had net income of $6,715 and paid dividends of $2,645. The

HUD, Co. had a beginning retained earnings of $30,020. For the year, the company had net income of $6,715 and paid dividends of $2,645. The company also issued $4,595 in new stock during the year. What is the ending retained earnings balance?

a. $34,615

b. $38,685

c. $29,495

d. $32,665

e.$34,090

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