Randall's Service Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Capital contributions during the year were $60,000.

Randall's Service Company
Trial Balance
December 31, 2019
Account Title	Debit	Credit
Cash	$25,400
Accounts Receivable	5,000
Prepaid Rent	1,200
Office Supplies	3,400
Land	45,000
Building	16,500
Equipment	23,000
Accounts Payable		$15,000
Unearned Revenue		5,000
Notes Payable		25,000
Common Stock		60,000
Dividends	7,000
Service Revenue		77,300
Salaries Expense	35,000
Rent Expense	14,000
Office Expense	5,000
Repair Expense	1,800
Total	182,300	$182,300

What is the December 31, 2019 balance of Retained Earnings?

A.

$13,300

B.

$14,500

C.

$19,500

D.

$28,500