The Decade Companys adjusted trial balance contains the following balances as of December 31: Retained Earnings $8,500; Dividends $2,000; Sales $22,000; Cost of Goods Sold $8,000; Selling and Administrative Expenses $3,000; Interest Expense $1,500. Prepare the closing entries for The Decade Company. Close the temporary accounts straight to retained earnings. The balance of $8,500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting

The balance of $8,500 in the retained earnings account is from the beginning of the year. What is the ending retained earnings balance after posting the closing entries?