During 2015, in its first year of operations, Hunter Corp, had revenues of $550,000 and expenses of $210,000. The business paid dividends of $40,000. What is the balance of retained earnings at December 31, 2015? $0 $290,000 debit $300,000 credit $340,000 credit What is the normal balance of the income summary account? debit credit zero There is no normal balance