Question $20$ of $22$

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Wildhorse Corporation earned revenues of $$221600,$ incurred expenses of $$238300,$ and paid dividends of $$4600$ during the current year. After all closing entries have been posted, the balance in the Retained Earnings account will have

increased by $$21300.$

decreased by $$16700.$

increased by $$12100.$

decreased by $$21300.$

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