Accounts payable $10,000 Cash $30,000 Accounts receivable 25,000 Salaries and wages expense 60.000 Equipment 150,000 Salaries and wages payable 5.000 Accumulated depreciation 40,000 Retained earnings 20,000 Common stock 20,000 Service revenue 120,000 Notes payable 70,000 Depreciation expense 20.000 Unearned revenue 5.000 interest expense 5.000 What balance is reported in Retained earnings on the company's December 31, 2022 balance sheet? $55,000 $75,000 $40,000 $20,000