Bargain Spot Fabrics
This Company's End-Of-Year Balance Sheet Consisted of the Following

Bargain Spot Fabrics
This company's end-of-year balance sheet consisted of the following amounts:
$\begin{array}{lrlr}\text { Cash}&\$75,000&\text { Accounts receivable } & \$ 250,000 \\\text { Property, plant, and equipment }&350,000&\text { Long-term debt } & 200,000 \\\text { Common shares }&500,000&\text { Accounts payable } & 100,000 \\\text { Retained earning}&?&\text { Inventory } & 175,000\end{array}$

-Refer to the figure Bargain Spot Fabrics.What is the retained earnings balance at the end of the current year?

A) $50,000
B) $550,000
C) $800,000
D) $850,000