Use Wendys Companys adjusted trial balance to answer the next two questions. It was prepared BEFORE closing entries. All amounts are in millions of dollars. Wendys fiscal year ended on December 29, 2019.

Adjusted Trial Balance December 29, 2019 (All amounts in millions of dollars)
	Debits		Credits
Cash and other current assets	554
Property and equipment, net	977
Goodwill and other noncurrent assets	3,464
Accounts payable and other current liabilities			350
Long-term liabilities			4,128
Common stock			47
Retained earnings			429
Dividends	96
Sales			1,709
Investment income			33
Cost of sales	597
General and administrative expense	379
Advertising expense	338
Depreciation and amortization expense	132
Interest expense	124
Income tax expense	35
Totals	$ 6,696		$ 6,696

1. Wendys journal entry to close the revenue and expense accounts includes a:
   1. Debit to Sales for $1,709 million.
   2. Debit to Advertising expense for $338 million.
   3. Debit to Retained earnings for $137 million.
   4. Credit to Retained earnings for $429 million.

1. The Retained Earnings balance shown on Wendys December 29, 2019 balance sheet (i.e., ENDING Retained earnings) is: ________.
   1. $429 million.
   2. $470 million.
   3. $566 million.
   4. $662 million.