HUD Company had a beginning retained earnings of $$28,655.$ For the year, the company had net income of $$5,490$ and paid dividends of $$1,980.$ The company also issued $$3,580$ in new stock during the year. What is the ending retained earnings balance?

Multiple Choice

$$35,745$

$$28,585$

$$30,635$

$$32,235$

$$32,165$