Tara Westmont, the stockholder of Tiptoe Shoes, Inc. had annual revenues of $203,000, expenses of $112,700, and the company paid $25,200 cash in dividends to the owner (sole stockholder). The retained earnings account before closing had a balance of $315,000. The ending retained earnings balance after closing is: a. $203,000 b. $65,100 c. $90,300 d. $380,100 e. $405,300