The income statement for the Pronghorn Golf Club Inc. for the month ended July 31 shows Service Revenue $19,780, Salaries and Wages Expense $9,760, Maintenance and Repairs Expense $3,230 and Income Tax Expense $1,400. The statement of retained earnings shows an opening balance for Retained Earnings of $20,180 and Dividends $1,360. (a) Your answer is incorrect. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings eTextbook and Media List of Accounts $ 40920