Trial Balance
Cash		10000
Accounts Receivable		20000
Supplies		5000
Land		37000
Accounts Payable			11000
Wages Payable			3000
Common Stock			44000
Retained Earnings			7000
Dividends		15000
Fees Earned			35000
Wages Expense		6000
Rent Expense		7000	________
		100000	100000
		========'========

Prepare a statement of Retained Earnings to get the ending retained earnings. Don't forget you have to do an income statement before you can do the statement of retained earnings.

Negative ($8000)

$14,000

$7000

None of the above