Trio Inc. reported retained earnings of $540,048 on December 31, 2017. During the year, Trio recorded net income of $148,583 and paid dividends of $63,538. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 20167 Select one: a $603,586 b. None of these are correct. C 563,538 d. $625.093 e. $455,003