Use the adjusted trial balance for Stockton Company to answer the question that follow.

Line Item Description	Amount	Amount
Cash	6,079
Accounts Receivable	2,904
Prepaid Expenses	679
Equipment	14,462
Accumulated Depreciation		11,501
Accounts Payable		1,752
Notes Payable		4,319
Common Stock		1,000
Retained Earnings		2,753
Dividends	663
Fees Earned		7,287
Wages Expense	2,234
Rent Expense	793
Utilities Expense	490
Depreciation Expense	204
Miscellaneous Expense	104
Total	28,612	28,612

Determine the retained earnings ending balance.

a. $3,753

b. $5,552

c. $3,462

d. $28,612

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet:

Line Item Description	Amount
Accumulated Depreciation	$ 2,438
Fees Earned	14,839
Depreciation Expense	1,142
Insurance Expense	419
Prepaid Insurance	4,229
Supplies	1,698
Supplies Expense	3,382

Net income for the period is

a. $4,943

b. $9,896

c. $1,531

d. $7,458

What is the first account that should be listed in the post-closing trial balance?

a. Common Stock

b. Cash

c. Fees Earned

d. Dividends