A company had revenues of $$25,000,$ expenses of $$16,000,$ and dividends of $$5,000$ for the period ending December $31,2019.$ The appropriate closi entry on December $31,2019$ for expenses would be: Dr Retained Earnings $16,000$; Cr Expenses $16,000$ Dr Retained Earnings $21,000$; Cr Expenses $21,000$ Dr Expenses $16,000$; Cr Retained Earnings $16,000$ Dr Cash $21,000$; Cr Expenses $21,000$