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 $ 15,900 Accounts Receivable 12,950 Office Equipment 23,300 Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends 7,900 Fees Earned Salaries Expense 16,800 Advertising Expense 3,450 Depreciation Expense 4,450 Totals $ 84,750 $ 6,400 7,950 22,900 47,500 $ 84,750 After closing the accounts, Retained Earnings at December 31 equals