The accountant for Tl 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 Cash dividends declared for the year Net income for the year $ 161,000 50,000 97,000 What is the ending balance for retained earnings? Multiple Choice $279,000. O O $14,000. $258.000. O $208,000. O $111.000