The following account balance information is available for XYZ Co., representing all accounts shown on its statement of financial position as of December 31, 20X7 Cash Accounts receivable............. Marketable securities........ Prepaid insurance....... Equipment (net). Current liabilities (total) Long-term liabilities (total). Common stock Retained earnings $8,000,000 $4,000,000 ...........$2,500,000 $300,000 ........$5,000,000 $4,100,000 $9,000,000 .....$2,000,000 What is XYZ Co.'s retained earnings balance on December 31, 20X7? a $5,700,000 Ob $4,700,000 O C. $11,700,000 Od 88,800,000