A business has the following account balances on December 31, 2020, after posting all adjusting entries. All accounts have normal balances. Account Balance Accounts Payable 325 Accumulated depreciation Equipment 4,400 Kash 1,170 Depreciation expense 950 Dividends 4,800 400 20,600 21,720 1,930 Insurance expense Equipment Service Revenue Supplies Retained earnings Prepaid Insurance Salaries expense Deferred Revenue 11,125 600 8,120 1,000 Part A: Select the correct response Part A: Select the correct response When the closing entry for Income Summary is prepared, the Retained Earnings account will be a Part B: Select the correct response After the closing entries are journalized, the post-closing balance in Retained Earnings will be