Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1: Credit Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Debit Cash $ 15,150 Accounts Receivable 12,575 Office Equipment 21,800 Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends 7,150 Fees Earned Salaries Expense 15,300 Advertising Expense 3,075 Depreciation Expense 4,075 Totals $ 79,125 $ 5,650 7,575 22,150 -0- 43,750 $ 79,125 After closing the accounts, Retained Ebrnings at December 31 equals: After closing the accounts, Retained Earnings at December 31 equals: Multiple Choice $14,150 Zero $43.750 $21300