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Rodriquez Corporation had retained earnings of $,850,000 at January 1,2019 . During the year the company generated a net income of $.150,000 and declared share

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Rodriquez Corporation had retained earnings of $,850,000 at January 1,2019 . During the year the company generated a net income of $.150,000 and declared share dividends of $50,000. It was discovered during 2019 that $40,000 of ciosing costs on a 2018 purchase of land was debited to Maintenance Expense. The income tax rate is 30%. Determine the retained earnings balance at December 31,2019. Selectone: a. $,910,000 b. $.938,000 c) $.960,000 d. $.978,000

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