XYZ reported the following on its December 31, 2014, balance sheet: common shares, no-par, $200,000; unappropriated retained earnings, $40,000; appropriation of retained earnings for bond sinking fund, $10,000; and reserve for possible future inventory losses, $5,000. Therefore, the last line on the retained earnings statement, total appropriated and unappropriated retained earnings should be: Select one: a. $15,000 b. $40,000 c. $10,000 d. $55,000