Assume the balance in the Heaned Earrings account at January 1, 2017 is zero, and no dividends are declared in 2017. If a debt balance of 50000 exists in Retained lamings her closing out revenues and expenses at the end of 2017, is indicates O A a decrease in cash of $6000 OB that the company had net income of 50000 OG an increase in cash of S6000 OD. the company had a net loss of S6000 On December 1 of the current year, Prepaid Rent was debited $6,000 for three months of rent to cover the period December 10 February 28. The amount of the adjusting entry on December 31 is OA 50 OD. $2,000 30.000 OD $4.000