The accountant for Huckleberry 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	$	156,000
Cash dividends declared for the year		48,000
Net income for the year		94,500

What is the ending balance for retained earnings?

Multiple Choice

• $271,500.

• $13,500.

• $250,500.

• $202,500.

• $108,000.