Allen Corp.'s adjusted trial balance shows the following accounts and balances.

Share CapitalOrdinary 225,000

Insurance Expense 24,000

Retained Earnings 67,500

Salaries and Wages Expense 57,000

Dividends 27,000

Income Tax Expense 45,000

Rent Expense 18,000

Bad Debt Expense 22,500

Allowance for Doubtful Accounts 33,000

Sales Revenue 585,000

What is the balance in Allens retained earnings account after all closing entries have been prepared and posted?

459,000.

418,500.

684,000.

391,500.