Renton Corporation had a beginning balance of unappropriated retained earnings of $200,000 and net income per the books of $250,000. During the year, it paid cash dividends of $120,000, had a loss on the sale of securities of $7,000, and received a refund of the previous years income taxes of $12,000. What is its ending balance of unappropriated retained earnings for the year?

A. $349,000

B. $337,000

C. $330,000

D. $342,000