The Following Data Are Available for 2001 (In 000's) The Income Tax Rate Is 40 Percent the Balance of

The following data are available for 2001 (in 000's) : $$\begin{array} { | l | c | } \hline \text { Retained earnings, January } 1,2001 & \$ 54 \\\hline \text { Correction of prior years' error (a debit, pre-tax) } & 15 \\\hline \text { Net income (atter tax) } & 25 \\\hline \text { Cumulative foreign exchange translation loss } & 10 \\\hline \text { Dividends declared (cash) } & 11 \\\hline\end{array}$$ The income tax rate is 40 percent The balance of retained earnings at December 31, 2001, was:

A) $59.
B) $49.
C) $79.
D) $83.