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his information relates to Rosie's Hire Business for the year 2022: Retained Earnings, 1 January 2022 $90,000 Advertising 3,000 Dividends Paid during 2022 14,000 Rent

his information relates to Rosie's Hire Business for the year 2022: Retained Earnings, 1 January 2022 $90,000 Advertising 3,000 Dividends Paid during 2022 14,000 Rent 20,200 Hire Revenue 140,000 Electricity 4,800 Wages 56,000 Share Capital 40,000 Calculate the closing balance of Retained earnings at 31 December 2022: Select one: a. $146,000 b. $132,000 c. $116,000 d. $56,000 e. $42,000

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