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 1,423 1.423 Dividends 1,000 1,000 Fees Earned 52,166 52,166 Wages Expense 21,015 21.015 Rent Expense 6,537 6,537 Depreciation Expense 5,037 5.037 Totals 76,589 76,589 32.589 52,166 44.000 24,423 Net Income (Loss) 19.577 19,577 52.166 52,166 44,000 44,000 The effect of closing revenues and expenses to Retained Earnings will be to: Oa. increase Retained Earnings by $19,577 Ob. decrease Retained Earnings by $19.577 Oc increase Retained Earnings by $32.589 Od decrease Retained Earnings by $44.000