The following Information was extracted from the accounts of Essex Corporation at December 31, 2014 Total reported income since incorporation $3, 200.000 Total cash dividends paid (1.600,000) Unrealized holding loss on available-for-sale securities (240,000) Total stock dividends distributed (400,000) Prior period adjustment, recorded January 1, 2014 150,000 What should be the balance of retained earnings at December 31, 2014? a. $1, 110,000. b. $1, 200,000. c. $1, 960,000. d. $1, 350,000