Following all closing entries the retained earnings

ed LAKE CORPORATION out of ADJUSTED TRIAL BALANCE DECEMBER 31, 2012 Cash $15,000 Accounts Receivable Supplies 7,000 3,000 Prepaid Insurance 5,000 Equipment Accumulated Depreciation, Equipment 24,000 Accounts Payable $ 6,000 12,000 Common Stock Retained Earnings 20,000 Dividends 10,000 8,000 Commission Revenue 34,000 Depreciation Expense, Equipment Wages Expense 2,000 14,000 Insurance Expense 4.000 $82.000 $82.000 Following all closing entries, the Retained Earnings will be: Select one: O a. $10,000 b. $6,000 O c. $14,000 O d. $24,000 O e. $16,000