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Quartz Instruments had Retained Earnings of $155,000 at December 31, 2020. Net income for 2021 was $100,000, and dividends for 2021 were $40,000. What amount

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Quartz Instruments had Retained Earnings of $155,000 at December 31, 2020. Net income for 2021 was $100,000, and dividends for 2021 were $40,000. What amount of Retained Earnings should be reported at December 31, 2021? Multiple Choice $195,000 $215,000 $255,000 $155,000

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