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