The Retained Earnings Account Has a Credit Balance of $37,000

Multiple Choice

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?

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