Question $16$

$1pts$

The balance sheet dated $\frac{12}{31}\frac{?}{24}$ has retained earnings of $$60,000.$ In $2023,$ the company pays dividends of $$15,000$ and has net income of $$55,000,$ and issues stock of $$50,000$ at par value. What is retained earnings for $\frac{12}{31}\frac{?}{25}?$

$75,000$

$45,000$

$100,000$

$115,000$