The income statement for the month of March, 2020 of Copper Corporation contains the following information: Revenues $15,000 Expenses: Salries and Wages Expense $4,000 Rent Expense 1,000 Advertising Expense 750 Supplies Expense 250 Insurance Expense 200 Total expenses 6.200 Net income $8.800 At March 1, 2020, Copper Corporation reported retained earnings of $40,000. The company declared and paid a dividend of $2,300 during March. At March 31, 2020, the company will report retained earnings of a. $29,300. b. $37,700. c. $46,500. d. $48,800