The Retained Earnings Account Has a Credit Balance of $17,000

Multiple Choice

The Retained Earnings account has a credit balance of $17,000 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?

A) $8,000
B) $15,400
C) $23,400
D) $17,000
E) $32,400