Judd Enterprises
These are the simplified financial statements for Judd Enterprises.
Income statement	Current	Projected
Sales	na	1,000
Costs	na	720
Profit before tax	na	280
Taxes (25%)	na	70
Net income	na	210
Dividends	na	63
Balance sheets	Current	Projected			Current	Projected
Current assets	100	115		Current liabilities	70	81
Net fixed assets	900	1,080		Long-term debt	400
				Common stock	300
				Retained earnings	230

Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan?

a. $377

b. $440

c. $339

d. $415

e. $396