Using the given financial data of Abe Inc., calculate the ending balance of assets on December 31, 20Y7. Closing balance of cash on December 31, 2017 Closing balance of accounts receivable on December 31, 2017 Closing balance of common stock on December 31, 20Y7 Closing balance of retained earnings on December 31, 2017 Closing balance of accounts payable on December 31, 20Y7 a. $18,000 b. $14,000 $5,000 $7,000 $8,000 $2,000 $2,000 c. $16,000 d. $12,000