The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, $ 4,000 Accounts receivable 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Cash Dividends Multiple Choice O $5,900 O $7,200 O $3,900 O $4,900 $ 3,400 3,900 3,200 2,200

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 What is the amount of retained earnings that will be shown on the balance sheet at December 31 , Year 2? Multiple Choice $5,900 $7,200 $3,900 $4,900