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Total expenses of ABD Co. for the year ending 2022, equal 2500000 USD, total revenue 2 800000 USD, prepaid expenses 1200000 USD, unearned revenue 1600000

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Total expenses of ABD Co. for the year ending 2022, equal 2500000 USD, total revenue 2 800000 USD, prepaid expenses 1200000 USD, unearned revenue 1600000 USD. Beginning Retained earnings balance is 2000000 USD. Calculate the new (ending) Retained earnings after closing of accounts: A. 2300000 USD B. 4800000 C. 1100000 D. 2700000

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