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ACCT1112_Second elearn.squ.edu.om/mod/ System (Academic) victory Financial Accounting fall20 of The following items are taken from the adjusted trial balance of Zuhoor Muscat Inc. for the year ending December 31, 2020: Accounts payable RO 36,000; Accounts receivable 22,000;Accumulated depreciation, Equipment 56,000; Utilities expense 42,000; Cash 30,000; Share capital-ordinary 84,000; Dividends 18,000; Depreciation expense 24,000; Equipment 348,000; Insurance expense 6,000; Note payable 140,000; Prepaid insurance 12,000; Interest expense 34,000; Retained earnings (1/1/20) 120,000; Salaries expense 64,000; Service revenue 177,000; Supplies 5,000, Supplies expense 8,000. What is the balance that would be reported for retained earnings in the post-closing trial balance statement at December 31, 2020? Select one: O a. RO 45,000 b. RO 89,000 C.RO 185,000 d. RO 101,000 Next page ACCT1112 Second in