The beginning balance of Retained Earnings for Briggs Company is $332,000. Net income for the month of July is $22,500, and the company paid dividends of $9,000 in July. What is the ending Retained Earnings balance at the end of July?

a.A credit balance of $345,500

b.A credit balance of $300,500

c.A debit balance of $345,500

d.A credit balance of $363,500