QUESTION 5 Not yet answered Marked out of 2.00 P Flag question On September 1,2016,Chopper, Inc reported Retained Earnings of $272000. During the month of September, Chopper generated revenues of $40,000, incurred expenses of $24,000, purchased equipment for $10.000 and paid dividends of $12,000 What is the balance in Retained Earnings on September 30, 2016 Select one O A. $272,000 debit B.$ 16,000 credit O C.$274,000 credit O D. $276,000 credit Next page Save Answers Previous page 5 3