Dreyfuss Corporation Reports the Following Items $\text { The unappropriated retained earnings at year- end are }$

Dreyfuss Corporation reports the following items: $\begin{array}{ll}\text { Unappropriated retained earnings, beginning of year:}&\$800,000\\\text {Net income: }&700,000\\\text {Federal income tax refund for last year taken directly to retained earnings}&50,000\\\text {Cash dividends paid this year: }&500,000\\\end{array}$

$\text { The unappropriated retained earnings at year- end are }$
A) $\$ 2,050,030$ .
B) $\$ 1,050,000$ .
C) $\$ 1,500,000$ .
D) $\$ 1,000,000$