The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016:
Cash $ 4,000
Accounts receivable $ 3,400
Dividends 2,000
Common stock 3,900
Land 3,200
Revenue 3,200
Accounts payable 1,800
Expense 2,200
The amount of Carolina's retained earnings after closing on December 31, 2016 was:
a. $5,900.
b. $7,200.
c. $3,900.
d. $4,900.
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