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Lowell Inc. reported retained earnings of $327,300 on December 31, 2017. During the year, Lowell Inc. recorded net income of $9,050 and paid dividends of

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Lowell Inc. reported retained earnings of $327,300 on December 31, 2017. During the year, Lowell Inc. recorded net income of $9,050 and paid dividends of 38,508. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2018? $297,842 $97,842 $378,842 $51,542

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