The following information was taken from the records of Rectangle Corporation for the year ended December 31, 2019 Advertising expense $120,000 Income tax expense 78,000 Accounts payable 80,700 Dividends paid 90,000 Retained earnings (Jan. 1, 2016) 347,160 Consulting fees revenue 600,000 70,200 101,400 Rent expense Supplies expense The retained earnings reported by Rectangle Corporation as of December 31, 2019 is: Select one: A. $487,560 B. $457,470 C. $324,770 D. $474,270