Question 63 (4 points) Z LO1. The following are account balances of Jackson Company (in random order) as of Dec. 31, 2023. Accounts Receivable 30,000 Accounts Payable 188,000 Building 6,000 Cash Cost of Goods Sold 48,000 Accumulated Depreciation-Building Accumulated other comprehensive income Allowance for Bad Debts Depreciation Expense 6,000 Bad Debts Expense Dividends 10,000 Bonds Payable (due in 5 years) Gains in disposal of assets 8,000 Common Stock (par $10) Interest Expense 4,000 Land 36,000 FICA Taxes Payable Patent 10,000 Preferred Stock 30,000 Prepaid Rent 4,000 Salaries Payable 6,000 Sales Returns 4,000 Discounts on Bonds Payable Merchandise Inventory Paid-In-Capital in Excess of Par-Com. Stock Paid-In-Capital in Excess of Par-Pref. Stock Rent Expense Retained Earnings, Jan. 1 Sales Taxes Payable 6,000 Salaries Expense Treasury Stock 16,000 Sales What is Retained Earnings as of December 31st (ending)? a) $64,000 b) $84,000 Oc) $40,000 Od) $74,000 e) $88,300