Question 3 (10 points) On September 1, 2016, Bulldog, Inc. reported Retained Earnings of $544,000. During the month of September, Bulldog generated revenues of $80,000, incurred expenses of $48,000, purchased equipment for $20,000 and paid dividends of $24,000. What is the balance in Retained Earnings on September 30, 2016? A) $544,000 debit B) $ 32,000 credit C) $548,000 credit D) $552,000 credit