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Salem Instruments had retained earnings of $ 360 comma 000 at December 31, 2017. Net income for 2018 totaled $ 180 comma 000, and dividends

Salem Instruments had retained earnings of $ 360 comma 000 at December 31, 2017. Net income for 2018 totaled $ 180 comma 000, and dividends declared for 2018 were $ 50,000. How much retained earnings should Salem report at December 31, 2018? A. $ 410,000 B. $ 490,000 C. $ 360,000 D. $ 540,000

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