What is the ending balance in the Retained earnings account after all closing entries are made?

A) $37,000.
B) $35,400.
C) $43,400.
D) $28,000.
E) $52,400.

Retained Earnings

The portion of net income left over after dividends are paid out to shareholders, reinvested into the company's operations.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Total Revenues

The total amount of income generated by a business from its normal business operations, including sales of goods or services, before any expenses are deducted.