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Presented below is the trial balance of Your Company as of December 31, 2022. After the closing entries have been recorded, What is the ending balance for retained earnings? 55,200. 510,200 5,10,700 3,700 $16,200 Your Company's balance sheet reported common stock of $3,000 and retained earnings of $5,000 on January 1, 2021. Retained earnings on the December 31,2021 balance sheet was $11,000. The company paid a $9,000 dividend during the year. What was net income for 2021 ? $20,000 515,000 6.080