High Step Shoes had annual revenues of $196,000, expenses of $109,200, and paid dividends of $22,400 during the current year. The retained earnings account before closing had a balance of $308,000. The ending retained earnings balance after closing is: Multiple Choice $86,800 $196,000 Multiple Choice $86,800 O $196,000 $372,400 $394,800 $64,400 Proy www Help Save & Exit Su