Question $5(5$ points$)$

Pinson Company began the year with retained earnings of $$570,000.$ During the

year, the company recorded revenues of $$600,000,$ expenses of $$380,000,$ and paid

dividends of $$140,000.$ What was Pinson's retained earnings at the end of the year?

$$930,000$

$$650,000$

$$1,030,000$

$$500,000$