On January 1, 2017 a firm had Retained Earnings of $50,000. What was Retained Earnings at the end of each of 2017 and 2018, respectively?

Select one:

a.

$162,800, $441,100

b.

$127,600, $372,300

c.

$162,800, $491,100

d.

$127,600, $322,300

e.

$177,600, $372,300