Inthemoney, Inc.'s trial balance shows the following numbers that were used on its income statement: revenues, $8,000; salaries and wages, 2,000; rent expense, $1,500; supplies expense, 1,000. As a result of its closing entries, retained earnings will change by:

A. a credit of $3,500

B. a debit of $3,500

C. neither of the other answers is correct