The following information is available for AKDE Inc. Accounts payable Accounts receivable Accumulated depreciation Cash Dividends paid Income tax expense Miscellaneous expenses Office equipment Owner's capital Prepaid insurance Rent expense Retained earnings, beginning Salaries expense Service revenue Deferred revenue Utilities expense 8,000 14,000 6,000 10,000 6,000 4,600 3,500 36,000 28,000 2,800 3,000 15,000 7,000 28,500 2,000 700 What is the retained earnings that would be reported at the end of the year on the balance sheet? A. $18,700 B. $16,000 C. $18,000 D. $24,800 E. $20,800