Nelson Company Had Equity Accounts in 2009 as Follows Projected Income Is £150,000 and the Dividend Per Share to

Nelson Company had equity accounts in 2009 as follows: $\begin{array}{|l|l|}\hline\text { Ordinary Equity ( } £ 1 \text { Par Value }) & £ 120,000 \\\hline \text { Retained Earnings } & £ 32,000 \\\hline \text { Total Shareholder } s \text { Equity } & £ 152,000\\\hline\end{array}$ Projected income is £150,000 and the dividend per share to be paid immediately is 40%.What will the ending retained earnings account be?

A) £ 90,000
B) £ 92,000
C) £122,000
D) £210,000
E) £242,000