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 $ 15,600 Accounts Receivable 12,800 Office Equipment 22,700 Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends 7,600 Fees Earned Salaries Expense 16,200 Advertising Expense 3,300 Depreciation Expense 4,300 Totals $ 82,500 $ 6,100 7,800 22,600 -0- 46,000 $ 82,500 After closing the accounts, Retained Earnings at December 31 equals: After closing the accounts, Retained Earnings at December 31 equals: Multiple Choice $22,200 $14,600. Zero. $46,000