At the end of 20X4, the following data were taken from the accounts of Timberline Company:

Share capital	$209,000
Retained earnings, beginning balance January 1, 20X4	100,000
Total revenue earned during 20X4	190,000
Total expenses incurred during 20X4	180,000
Total cash collected during 20X4	200,000

The 20X4 closing entries would include which of the following?

Multiple Choice

A $190,000 debit to retained earnings.

B $10,000 net debit to retained earnings.

C $10,000 net credit to retained earnings.Correct

D $180,000 credit to retained earnings.