At 31 December 2017, a business’s statement of financial position reported the figures below: retained earnings $136\,000 general reserves $28\,000 share premium $55\,000 Over the year ending 31 December 2017, the business recorded a profit for the year of $25\,000 and transferred $10\,000 to the general reserve. What was the total of revenue reserves on 1 January 2017?
- A$101\,000
- B$139\,000
- C$149\,000
- D$194\,000