Social Escapes is a corporation. At the beginning of the current year, it had a balance of $450,000 in the retained earnings account. Its net income per books was $225,000 and they declared and paid dividends of $80,000. The Board of Directors decided to appropriate $150,000 for future expansion needs. What is the correct balance in the unappropriated retained earnings account at the end of the year?

a) $370,000 b) $445,000 c) $595,000 d) $675,000