What Is Ending Retained Earnings for Shiver Ice House A)$19,578
B)$29,578
C)$23,728
D)$49,578
E)$45,000

Multiple Choice

What is ending retained earnings for Shiver Ice House?
$$\begin{array} { ll } \text { Common Stock......\$120,000 } & \text { Accounts Payable.....\$25,000 } \\\text { Cash......................\$116,640 } & \text { Accounts Receivable..\$22,450 } \\\text { Supplies.................\$ } 1,500 & \text { Office Equipment......\$23,300 } \\\text { Prepaid Rent.........\$ } 3,200 & \text { Unearned Revenue....\$ } 4,152 \\\text { Revenue................\$ 20,000 } & \text { Utilities Expense.......\$ } 422 \\\text { Retained Earnings.\$ } 30,000 & \text { Shaving Equipment...\$31,640 }\end{array}$$

A) $19,578
B) $29,578
C) $23,728
D) $49,578
E) $45,000