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The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016: Cash $ 4,000 Accounts receivable $ 3,400 Dividends

The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016:

Cash $ 4,000

Accounts receivable $ 3,400

Dividends 2,000

Common stock 3,900

Land 3,200

Revenue 3,200

Accounts payable 1,800

Expense 2,200

The amount of Carolina's retained earnings after closing on December 31, 2016 was:

a. $5,900.

b. $7,200.

c. $3,900.

d. $4,900.

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