9. What is the balance of retained earnings as of 31/12/2017 if you know that retained earnings balance as of 31/12/2016 was $100,000, cash dividends for the year 2017 was $50,000, net income for the year of 2017 was $150,000? * (3 Points) $200,000 O $250,000 O $300,000 $50,000