Use the Trial Balance for Spartan Inc to answer the following:

Assuming beginning retained earnings of $0, what is Spartan Inc.'s ending retained earnings?

Group of answer choices

a. 50,500

b. 300,000

c. 70,000

d. 230,000

1 2 CR 3 $ $ 4 DR 144,000.00 120,000.00 56,000.00 72,000.00 5 S 6 S Spartan Inc. Trial Balance Account # Account Name 101 Cash 111 Accounts Receivable 121 Inventory 131 Equipment 141 Less Accumulated Depreciation 201 Accounts Payable 301 Stock 315 Dividends 401 Revenue 501 Expenses 7 8 $ $ $ 1,500.00 90,000.00 250,000.00 9 10 $ 19,500.00 11 $ 300,000.00 12 S 230,000.00 13 14 $ 641.500.00 $ 641,500.00 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Sheet1