The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Accounts receivable Common stock Revenue Expense Cash Dividends Land Accounts payable Retained earnings After closing, what is the balance of the Retained Earnings account on December 31, Year 1? Multiple Choice $2,625 $4,225 $5,100 $3,425. $3,200 1,600 1,900 1,000 4, 225 $1,400 2,075 1,900 1,100 0