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Mobile Power Corp. reported the following information for the year ended December 31, 2015. Revenue $ 40,000 Expenses 25 23,000 Dividends $ 10,000 Retained earnings

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Mobile Power Corp. reported the following information for the year ended December 31, 2015. Revenue $ 40,000 Expenses 25 23,000 Dividends $ 10,000 Retained earnings at December 31, 2015 $ 175,000 What was the retained earnings balance for Mobile Power at December 31, 2014? a. $ 165,000 b. $ 168,000 c. $ 182,000 d. $ 192,000

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