Accounting homework, please help. Can you please include how to do it.

12. A company has 3,000 shares of $2 par value common stock and 1,500 shares of 8%, $150 par, non- cumulative preferred stock outstanding. The balance in Retained Earnings at the beginning of the year was $400,000. The Net Loss for the current year was $30,000. If the company paid a dividend of $1 per share on its common stock, what is the balance in Retained Earnings at the end of the year? A. $349,000 B. $365,800 C. $451,000 D. $400,000 E. $409,000