Select the correct answer. What is the retained earnings at the end of the accounting period?

Item $
Beginning retained earnings 10,000
Net income 350,000
dividend payout 320,000
A.
$40,000
B.
$30,000
C.
$10,000
D.
$350,000

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?