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	$	130,000
Cash dividends declared for the year		50,000
Proceeds from the sale of equipment		85,000
Gain on the sale of equipment		7,800
Cash dividends payable at the beginning of the year		22,000
Cash dividends payable at the end of the year		24,800
Net income for the year		96,000

What is the ending balance for retained earnings?

Multiple Choice

• $256,000.

• $182,000.

• $206,000.

• $284,000.

• $176,000.