Quartz Instruments had Retained Earnings of $$138,000$ at December $31,2023.$ Net income for $2024$ was $$88,000,$ and dividends for $2024$ were $$28,000.$ What amount of Retained Earnings should be reported at December $31,2024?$

Multiple Choice

$$226,000$

$$166,000$

$$138,000$

$$198,000$