The ending balance of retained earnings is

A) $53,000
B) $47,000
C) $3,000
D) $50,000

The question does not provide any information about the net income or dividends, so we cannot calculate the retained earnings directly. However, we can use the basic accounting equation: Assets = Liabilities + Equity. Retained earnings is part of equity, so we can calculate it as follows:
Assets = $100,000
Liabilities = $47,000
Equity = Assets - Liabilities = $100,000 - $47,000 = $53,000
Therefore, the ending balance of retained earnings is $53,000. The answer is D.