HELPPP

The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Multiple Choice $58,400. $97,600. $139,500. $220,600. A company reported total equity of $165,000 at the beginning of the year. The company reported $230,000 in revenues and $175,000 in expenses for the year. Liabilities at the end of the year totaled $102,000. What are the total assets of the company at the end of the year? Multiple Choice $102,000. $55,000 $230,000. $118,000 $322,000. A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Multiple Choice $3,265 $4,160. $2,460. $3,145. $2,250