The following items are taken from the financial statements of SQU Company for the year ending December 31, 2011: Accounts payable R.O.23.400; Accounts receivable 14.300: Accumulated depreciation-equipment 18,200; Advertising expense 35,490; Cash 19.500; Share capital-ordinary 54,600; Dividends 14,000; Depreciation expense 12,000; Equipment 210,000; Insurance expense 3.000; Note payable (due 6/30/12) 70,000; Prepaid insurance (12-month policy) 6,000; Rent expense 17.000; Retained earnings (1/1/11) 60,000: Salaries expense 32,000; Service revenue 133,000; Supplies 4.000; Supplies expense 6,000. What is the balance of retained earnings at December 31, 2011? Select one a. R.0.69,510 b. R.0.83,290 C.R.O.79.510 d. R.O.73.510