UM Sackus Company had the following account balances for the year ended December 31, 2019, Accounts Payable $ 160,000 Income Taxes Payable Accounts Receivable 54550 130,000 Income Taxes Expense 90.000 Accumulated Depreciation 285,000 Interest Expense 5000 Cash 220,000 Inventories 180.500 Common Shares 160,000 Loan Payable, due December 31, 2024 120.000 Cost of Goods Sold 360,000 Prepaid Expense Retained Earnings, at January 1, Deferred Revenue Salaries Expense Depreciation Expense 30.000 50,000 2019 270,000 70,000 Dividend 390.000 35,000 Sales Revenue 1,080.000 Equipment 580,000 Utility Expense 20,000 Assuming that the Net Income of year 2019 was $215,000, what is the amount of Retained Earnings at December 31, 2019? $485,000. $180,000. $235,000. $450,000