Jetson Corporation
Jetson Corporation Reported the Following Information for the Year

Jetson Corporation
Jetson Corporation reported the following information for the year ended December 31, 2012.
$\begin{array}{ll}\text { Revenue } & \$ 14,000,000 \\\text { Expenses } & 11,500,000 \\\text { Dividends } & 1,000,000 \\\text { Retained earnings at December } 31,2012 & 1,750,000\end{array}$
-Refer to the selected information provided for Jetson Corporation. What was the retained earnings balance on December 31, 2011?

A) $ 250,000
B) $2,500,000
C) $1,500,000
D) $ 350,000