The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$	132,000
Cash dividends declared for the year		52,000
Proceeds from the sale of equipment		87,000
Gain on the sale of equipment		8,200
Cash dividends payable at the beginning of the year		24,000
Cash dividends payable at the end of the year		27,200
Net income for the year		98,000

What is the ending balance for retained earnings?

Multiple Choice

$186,000.

$208,000.

$288,000.

$178,000.

$260,000.