1 The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Income $ 52,500 Retained earnings 135,000 Dividends 16,000 $98,500. $203,500. $171,500. $66,500. $135,000. 2.5 points QUESTION 2 At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $231,000 and Total Liabilities of $17,800 and Total Paid-in