Been There Used Furniture

Been There Used Furniture
Been There Used Furniture began operations on January 1, Year 1, with an initial investment of $100,000 from each of its five shareholders. During the year, the company had net income of $200,000 and paid dividends of $50,000.
-Refer to the figure Been There Used Furniture.What is the retained earnings balance at December 31,Year 1?

A) $150,000
B) $200,000
C) $500,000
D) $650,000