Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense Total Debit $1828 2308 3436 95 330 180 73 $8250 Credit $57 90 134 232 7270 405 62 $8250

what is the balance in retained earnings?

\begin{tabular}{|c|c|c|} \hline & Debit & Credit \\ \hline Cash & $1828 & \\ \hline Accounts receivable & 2308 & \\ \hline Inventory & 3436 & \\ \hline Prepaid rent & 95 & \\ \hline Equipment & 330 & \\ \hline Accumulated depreciation-equipment & & $57 \\ \hline Accounts payable & & 90 \\ \hline Unearned service revenue & & 134 \\ \hline Common stock & & 232 \\ \hline Retained earnings & & 7270 \\ \hline Service revenue & & 405 \\ \hline Interest revenue & & 62 \\ \hline Salaries and wages expense & 180 & \\ \hline Travel expense & 73 & \\ \hline Total & $8250 & $8250 \\ \hline \end{tabular} After closing entries have been posted, the balance in retained earnings will be: $7079. $7484. $7677. $7272