The balance for Retained Earnings on December 1 is $300,000. During December, dividends of $15,000 on common stock and $10,000 on preferred stock were declared. Neither dividend was paid in December. An Appropriation for Building Expansion account with a balance of $100,000 was closed and the balance transferred back to Retained Earnings. Net income after taxes is $90,000. What is the balance of unappropriated retained earnings on December 31? a. 465,000 $ b. 565,000 $ c. 490,000 $ d. 165,000 $