An adjusted trial balance is given below.

	Debit	Credit
Cash	$12,600
Accounts Receivable	2,400
Prepaid Rent	800
Merchandise Inventory	28,000
Accounts Payable		$4,200
Salaries Payable		1,000
Notes Payable		800
Smith, Capital		13,800
Smith, Withdrawals	1,000
Sales Revenue		96,000
Sales Returns and Allowances	1,600
Sales Discounts	400
Cost of Goods Sold	25,000
Salaries Expense	21,000
Rent Expense	14,000
Selling Expense	8,500
Supplies Expense	500
Total	$115,800	$115,800

What will be the final balance in the Smith, Capital account after recording the closing entries?

A.

$24,000

B.

$37,800

C.

$36,800

D.

$12,700