Question 6 Not yet answered Marked out of 1.00 Flag question THIS MULTIPLE CHOICE QUESTION (MCO) IS BASED ON THE WILTON COMPANY SCENARIO BELOW: On 1 January 2016, WILTON Company purchased 6,000 shares in CENTRE Company (for trading) for $80 per share. CENTRE Company paid a Cash Dividend of $6 per share in 2016, $8 per share in 2017 and $10 per share in 2018. WILTON Company owns less than 3% of the shares in CENTRE Company and WILTON Company has no other Equity Investments. Prior to 2016, WILTON Company never held shares or debt investments for trading Please note the following information also: . At the end of 2016, shares in CENTRE Company trade at $25 per share. At the end of 2017, shares in CENTRE Company trade at $ 130 per share. At the end of 2018, shares in CENTRE Company trade at $60 per share MCO By how much is the balance in Retained Earnings at the end of 2018 higher or lower than it would otherwise be if WILTON Company had NEVER purchased shares in CENTRE Company (note that WILTON Company doos not pay dividends) Select one: a. $103,000 lower b. $27,000 lower c. None of these answers d. $ 22,000 higher e $24,000 higher