On January 1, 2017, Balises Corporation's Retained Earnings account has a balance of $300,000. During 2014, cash dividends of $20,000 were declared and stock dividends with a market value of $40,000 were declared. Net income for 2017 amounted to $90,000. On June 30, 2017, Balises Corporation issued 5,000 shares of common shares at $10 per share. What is the balance in Retained Earnings appearing on the statement of shareholders' equity on December 31, 2017? Select one: a. $420,000 b. $440,000 c. $380,000 EXVW BSV ANG SONVun MEDIUM 8 o