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Renton Corporation had a beginning balance of unappropriated retained earnings of $ 2 0 0 , 0 0 0 and net income per the books

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 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.
$342,000
B.
$337,000
C.
$330,000
D.
$349,000

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