10.Kincaid Company's Retained Earnings balance on January 1 was $6 000. During the current year, Kincaid earned $3 400 in revenues and incurred $4 200 in expenses. Kincaid paid $2 500 in dividends, all in cash. After the closing entries are made, Kincaid's Retained Earnings balance on December 31 will be: A $4,300 B $7,700 C $6,000 D $2,700