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As of January 1,2023, Aziza's Shop had a balance in its retained earnings account of...

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Accounting

As of January 1,2023, Aziza's Shop had a balance in its retained earnings account of $100,000. During the year Aziza's Store had revenues of $80,000 and expenses of $45,000. In addition, the business paid cash dividends of $20,000. What is the balance in Retained Earnings on December 31,2023, for Aziza's Shop?
a. $100,000
d. $155,000
b. $115,000
c. $135,000
e. $80,000
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