Grizzly Company had Retained Earnings at December 31, 2018 of $203,000. During 2019, the company had revenues of $403,000 and expenses of $351,500, and the company declared and paid dividends of $11,300. Retained earnings on the balance sheet as of December 31, 2019 will be: Multiple Choice $294,700. $40,200. $254,500. 243,200. c unt bulances.l olthe cr Sint h Stad Makcers Inc. prenared as of December 3, 2018, Includes the folowing account balances. All of the accounts listed have normal balances. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense 14,500 2,900 2,800 6, 600 19,000 2,900 29,000 9,500 39,000 34,500 The following Information Is also available: A) A count of supplies revealed $1,300 worth on hand at December 31, 2018. B) An insurance policy, purchased on January 1, 2018, covers five years. C) The equipment depreciates at a rate of $1,900 per year; no depreciation has been recorded for 2018 D) One half (or 50%) of the amount recorded as Deferred Revenue remains deferred as of December 31, 2018. E) The accrued amount of salaries and wages at December 31, 2018 is $2.900 Required: Prepare the required adjustments for the company as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View transaction list Journal entry worksheet 2 4 A count of supplies revealed $1,300 worth on hand at December 31, 2018. Record the adjusting entry. Note: Enter debits before credits. Transaction General Journal Debit Credit Expense 1,300 Supplies 1,300 Record entry Clear entry View general journal