Practice - 4.2: Prepare closing entries and a post-closing trial... Q4.34: On December 1, 2014, Gauthier Consulting reported a balance of $87,000 in the Retained Earnings account. Gauthier Consulting earned revenues of $74,000 and incurred expenses of $61,000 during December 2014. The company paid dividends of $8,000 during the month. What is the post-closing balance in Retained Earnings on December 31, 2014? A $92,000 B $79,000 C $161,000 D $100,000