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  3. the retained earnings account has a credit balance

The Retained earnings account has a credit balance of $37,000 before closing entries...

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Accounting

The Retained earnings account has a credit balance of $37,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000, what is the ending balance in the Retained earnings account after all closing entries are made?
Multiple Choice
$37,000.
$35,400.
$43,400.
$28,000.
$52,400.
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