Which ONE of the following would appear in the closing entries for the year?

Accounts Payable	$1,700
Accounts Receivable	2,700
Cash	900
Common Stock	1,500
Cost of Goods Sold	12,500
Dividends	750
Inventory	5,600
Insurance Expense	3,000
Land	17,000
Prepaid Rent Expense	2,700
Retained Earnings (beginning)	2,300
Sales Revenue	21,000
Unearned Revenue	3,200
Wage Expense	6,500

Group of answer choices

CREDIT to Retained Earnings for $3,200

DEBIT to Retained Earnings for $2,700

DEBIT to Common Stock for $1,500

CREDIT to Retained Earnings for $6,500

DEBIT to Retained Earnings for $750