Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1: Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Debit Credit Cash $ 15,650 Accounts Receivable 12,825 Office Equipment 22,800 Accumulated Depreciation $ 6,150 Accounts Payable 7,825 Capital Stock 22,650 Retained Earnings -0- Dividends 7,650 Fees Earned 46,250 Salaries Expense 16,300 Advertising Expense 3,325 Depreciation Expense 4,325 Totals $ 82,875 $ 82,875 After closing the accounts, Retained Earnings at December 31 equals: Multiple Choice Zero. $46,250. $22,300