Woodlawn Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available Retained earnings balance at the beginning of the year $ 233,000 Cash dividends declared for the year 550.000 Proceeds from the sale of equipment $85,000 Gain on the sale of equipment $4,500 Cash dividends payable at the beginning of the year $22.000 Cash dividends payable at the end of the year $30.000 Net profit for the year $110,000 The ending balance in retained earnings is: O a. $297,500 O b. $213,000 c. $343.000 O d. $301.000 e. $293.000 5 E R