Question $44$

$5$ pts

Clowns$-$R$-$Us reported the following in the statement of comprehensive income for the year ended December $31$:

Income from continuing operations before tax

$$800,000$

Income tax expense

$(300,000)$

Net income

$500,000$

Other comprehensive income

$130,000$

Comprehensive income

$600,000$

During the year, the chmpany paid $$103,000$ in dividends and purchased treasury stock with a par value of $$20,000$ at a cost of $$95,000.$ If the balance of Retained Earnings at the beginning of the year was $$470,000,$ what is the balance of Retained Earnings at the end of the year?

$$1,007,000$

$$867,000$

$$1,110,000$

$$970,000$