Finley Company End-of-Period Spreadsheet For the Year Ended December 31
	Adjusted Trial Balance		Income Statement		Balance Sheet
Account Title	Debit	Credit	Debit	Credit	Debit	Credit
Cash	16,000				16,000
Accounts Receivable	6,000				6,000
Supplies	2,000				2,000
Equipment	19,000				19,000
Accumulated Depr.		6,000				6,000
Accounts Payable		10,000				10,000
Wages Payable		2,000				2,000
Common Stock		5,000				5,000
Retained Earnings		11,114				11,114
Dividends	1,000				1,000
Fees Earned		43,453		43,453
Wages Expense	21,821		21,821
Rent Expense	6,432		6,432
Depreciation Expense	5,314		5,314
Totals	77,567	77,567	33,567	43,453	44,000	34,114
Net Income (Loss)			9,886			9,886
			43,453	43,453	44,000	44,000

The effect of closing revenues and expenses to Retained Earnings will be to:

The effect of closing revenues and expenses to Retained Earnings will be to:

a.increase Retained Earnings by $9,886

b.decrease Retained Earnings by $9,886

c.increase Retained Earnings by $33,567

d.decrease Retained Earnings by $44,000