QUESTION 16 The following account balance information is available for XYZ CO representing at accounts shown on ts statement of financial position as of December 31 20x7 Cash $3.000.000 Accounts receivable $4,000,000 Marketable securities $2,500,000 Prepaid insurance $300.000 Equipment (net) 58,000,000 Current liabilities (total) $4,100,000 Long-term liabilities (total) $9,000,000 Common stock $2,000,000 Retained earnings What is XYZ Co's retained earnings balance on December 31 20X7? D $11,700,000 $2,700,000 Ob $5,700,000 Od 56,800,000 Save AA Ar to sa alla