Answer:
b) $455,500
Explanation:
We have been given that Blossom Company began the year with retained earnings of $390000. During the year, the company recorded revenues of $489000, expenses of $379000, and paid dividends of $44500.
To find the retained earnings, we will use following formula.

Upon substituting our given values, we will get:



Therefore, the retained earnings at the end of the year was $455,500.