can you explain with working out. answer us b

Chrystal Gems Ltd was set up with share capital of $500,000. In year 1 a loss of $50,000 was recorded in year 2 a profit of $175 000 and in year 3 a profit of $350,000. Also in year 3 a dividend of 5% of paid up capital was paid to shareholders and $20,000 was transferred from retained earnings to a general reserve. The retained earnings balance of Chrystal Gems Ltd at the end of year 3 was: $930,000 er $430,000 $530,000 d $475,000 Learning Objective 5.9: Describe the presentation and disclosure requirements for elements on the balance sheet