During 5. Mapean Corporation and net income of $32,000 and paid cash dividends of $8,500 to its stockholders Which of the following choices retects the effect of closing coties on the companys financial statements the moment portretcome of 522.500 ster the congeries have been posted to the ledger accounts There will report retained a $22.500 aer the closing eres have been posted to the ledger accounts. reported tags of 532.000 after the courg entries have been posted to the ledger accounts Theodore statements will not be affected by the closing entries