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18. At September 1, 2010, Baxter Inc. reported Retained Earnings of $136,000. During the month, Baxter generated revenues of $20,000, incurred expenses of $12,000, purchased

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18. At September 1, 2010, Baxter Inc. reported Retained Earnings of $136,000. During the month, Baxter generated revenues of $20,000, incurred expenses of $12,000, purchased equipment for $5,000 and paid dividends of $2,000. What is the balance in Retained Earnings at September 31, 2010? a. $136,000 debit b. $8,000 credit c. $137,000 credit d. $142,000 credit

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