The original owners of Jam Up And Jelly Tight Music Corporation began the company some years ago with $100,000 of their own funds and purchased $150,000 in assets.The total (cumulative) amount of retained earnings to the present are $820,000.There is no preferred shares. What is Jam Up & Jelly Tight's current book value?

a)$50,000

b)$100,000

c)$150,000

d)$820,000

e)$920,000

f)$970,000