Module 1(e) The following accounts and balances were drawn from the records of Fray Company: Cash Accounts Payable Common Stock Land Accounts Receivable Unearned Revenue $8,000 $3,500 $4,000 $18,000 $2,000 $2,000 Based on this information alone the amount of Fray's retained earnings is A. $2,000 B. $18,500. C. $15,500. D. $22,500. E. None of the above