how did they get $85000?

Given the following information, what is the net impact on the company's retained earnings for the year ended 2021? Net sales - $250,000 Deferred revenue - $50,000 Total expenses. $125,000 2-for-1 stock split on $il par value stock trading at $20. Total shares outstanding were 50,000 Dividends declared and paid totaled $40,000 Dividends declared in the previous year but paid in the current year totaled $15,000 rect Answer $85.000 $125.000 $70.000 $35.000