The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,748 Accounts Receivable 2,921 Prepaid Expenses 626 Equipment 13,439 Accumulated Depreciation 1,978 Accounts Payable 1,565 Notes Payable 4,095 Common Stock 1,000 Retained Earnings 11,446 Dividends 872 Fees Earned 8,395 Wages Expense 3,333 Rent Expense 800 Utilities Expense 448 Depreciation Expense 181 Miscellaneous Expense 111 Totals 28,479 28,479

Determine the retained earnings ending balance. a.$12,446 b.$28,479 c.$14,096 d.$3,522