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Loma Company is a new company with a beginning retained earnings balance of zero. It has the following account balances at the end of the

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Loma Company is a new company with a beginning retained earnings balance of zero. It has the following account balances at the end of the first year of operations: Accounts Payable $37,000 Revenues $104,000 Salaries Expense $17,000 Dividends $8,000 Utilities Expense $14,000 Advertising Expense $10,000 Short-term Investments $20,000 Cash $81,000 Land $50,000 Common Stock $59,000 O A. $63,000 OB. $65,000 O c. $0 OD. $55,000 Accounts Payable Revenues Salaries Expense Dividends Utilities Expense Advertising Expense Short-term Investments Cash Land Common Stock What is the ending balance in Retained Earnings? $37,00 $104,000 $17,000 $8,000 $14,000 $10,000 $20,000 $81,000 $50,000 $59,000 A. $63,000 B. $65,000 C. $0 D. $55,000 Click to select your

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