The revenues and expenses on income statement for the year 2024 for EBS Company are as follows: Revenues $150,000 Salaries and Wages Expense 90,000 Rent Expense 32,000 Advertising Expense 12,000 Supplies Expense 12,000 Utilities Expense 5,000 4,000 Insurance Expense At January 1, 2024, EBS Company reported Retained Earnings of $100,000. Dividends for the year totaled $20,000. At December 31, 2024, the company will report Retained Earnings of Select one: O a. $85,000. O b. $80,000. O c. $35,000. O d. $75,000.

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