Question - The retained earnings account has a debit balance of $2,400 before closing entries are made. If total revenues for the year are $57,200, total expenses are $36,800, and dividends are $8,000, what is the ending balance in the retained earnings account after all closing entries have been made?
A. $23,200
B. $10,000
C. $14,200
D. $17,600
E. $ 9,800