The Retained earnings account has a credit balance of $28,900 before closing entries are made. If total revenues for the period are $90,200, total expenses are $66,400, and dividends are $15,300, what is the ending balance in the Retained earnings account after all closing entries are made?

Multiple Choice

• $52,700.

• $23,800.

• $37,400.

• $13,600.

• $28,900.