What is the balance of unappropriated retained earnings, Accounting Basics

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What is the balance of unappropriated retained earnings

Question: The balance for Retained Earnings on December 1 is $300,000. During December, dividends of $15,000 on common stock and $10,000 on preferred stock were declared. Neither dividend was paid in December. An Appropriation for Building Expansion account with a balance of $100,000 was closed and the balance transferred back to Retained Earnings. Net income after taxes is $90,000. What is the balance of unappropriated retained earnings on December 31? $465,000 $565,000 $490,000 $165,000

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Accounting Basics: What is the balance of unappropriated retained earnings

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