For the year ended December 31, a company has revenues of $320,000 and expenses of $197.500. The company paid $51,200 in dividends during the year. The balance in the Retained earnings account before closing Is $84,000. Which of the following entries would be used to close the dividends account? Multiple Choice Debit Retained earnings $51,200;credit Diviciends $51,200. Debit Income Summary $84,000, credit Dividends $14,000. Debit Retained earnings $84,000: credit Income Summary $84.000. O Debit Income Summary $51,200; credit Retained carrings $51,200. O Debit Dividends $51.200, credit Retained earnings $51,200