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On December 31, 2020, Russel, Inc. reported retained earnings of $110,000. In 2021, Russel, Inc. had revenue of $85,000 and expenses of $45,000. In addition,

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On December 31, 2020, Russel, Inc. reported retained earnings of $110,000. In 2021, Russel, Inc. had revenue of $85,000 and expenses of $45,000. In addition, the business paid cash dividends in 2021 of $35,000. Given this information, what was Retained aarnings on Russel, Inc.'s balance sheet on December 31, 2021? a. $100,000 b. $115,000 c. $130,000. d. $155,000 e. None of the answers listed above is the correct answer to this

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