Fox Co. adjusted trial balance included the following accounts, all at their normal account balance but listed in random order, at December 31, 2020:

Fox Co. Adjusted Trial BalanceCost of goods sold400,000Trading securities250,000Loss on early bond call150,000Sales1,000,000Unearned revenue200,000Selling expenses300,000Dividends50,000Retained earnings500,000Gain on building sale100,000

Based on these Adjusted Trial Balance account balances, what amount should Fox record for Retained earnings in its 12/31/20 closing entry?

Group of answer choices

100,000

700,000

400,000

200,000