Lori Corporation reported the following information for the year ended December 31, 2017:
Net income Dividends Retained earnings at December 31, 2017 10,000 6,000 25,000
What was the balance of Lori' retained earnings at January 1, 2017?
a. $21,000
b. $29,000
c. $35,000
d. $31,000
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