The Income Statement for the Year 2021 of Fugazi Co

The income statement for the year 2021 of Fugazi Co.contains the following information: At January 1, 2021, Fugazi reported retained earnings of $50,000.Dividends for the year totalled $10,000.At December 31, 2021, the company will report retained earnings of

A) $17,500.
B) $32,500.
C) $40,000.
D) $42,500.