ABC has the following balances on December 31 prior to closing entries Revenues Retained Earnings, Jan. 1 Cash Expenses Accounts Payable Dividends $25,000 20,000 3,000 10,000 4,000 2,000 17,000 Supplies Based upon the balances above, what net adjustment would be made to Retained Earnings due to closing entries? An Increase of Numeric Response