Two years ago, Dave started a newly incorporated business with a strict policy of paying half the current annual profits to shareholders as dividends on Dec $31\%.$ if he generated a loss of $52,200$ in his first year and a profit of $$10,000$ in the second year, Kumar's retained earnings account

currently holds:

a$)$ a credit balance of $$2,800$

b$)$ a debit balance of $$4,800$

c$)$ a credit balance of $$1,800$

d$)$ a debit balance of $$200$