The excerpt below comes from a statement of changes in equity. In the year concerned, these events took place: (1) An interim dividend of $4875$ was paid. (2) A final dividend of $6000$ was proposed. (3) $2500$ was transferred to the general reserve. What was the balance of retained earnings at the end of the year?
- A$31625$
- B$36625$
- C$37625$
- D$42625$