Use this end-of-period spreadsheet to answer the question that follows.

Finley Company End-of-Period Spreadsheet For the Year Ended December 31
	Adjusted Trial Balance		Income Statement		Balance Sheet
Account Title	Debit	Credit	Debit	Credit	Debit	Credit
Cash	16,000				16,000
Accounts Receivable	6,000				6,000
Supplies	2,000				2,000
Equipment	19,000				19,000
Accumulated Depr.		6,000				6,000
Accounts Payable		10,000				10,000
Wages Payable		2,000				2,000
Common Stock		5,000				5,000
Retained Earnings		3,086				3,086
Dividends	1,000				1,000
Fees Earned		50,366		50,366
Wages Expense	20,567		20,567
Rent Expense	6,238		6,238
Depreciation Expense	5,647		5,647
	76,452	76,452	32,452	50,366	44,000	26,086
Net Income			17,914			17,914
			50,366	50,366	44,000	44,000

The effect of closing revenues and expenses to Retained Earnings will be to:

a.increase Retained Earnings by $17,914

b.decrease Retained Earnings by $17,914

c.increase Retained Earnings by $76,452

d.decrease Retained Earnings by $76,452