ABC Corporation Reported Retained Earnings of $400 on Its Year-End

ABC Corporation reported retained earnings of $400 on its year-end 2014 statement of financial position. During 2015, the company reported a loss of $40 in the income statement, and it paid out
A dividend of $11. What will retained earnings be for ABC's 2015 year-end statement of financial
Position?

A) $220
B) $349
C) $320
D) $380
E) $420