2 Points 19.After completing all 9 steps in the accounting cycle for the month of May, ABC Company's May 31 Ending Balance in the Retained Earnings account was $50,000 credit. ABCs Net Income for june was $20.000. ABC declared and paid a 55.000 dividend in June. The June beginning balance in ABCs Cash Account was $35,000 and the june ending balance in the Cash Account was $25.000. The Retained Earnings amount shown on ABCs June 30th Balance Sheet should be: A A. $70,000 (B B. $75,000 C. $65,000 D D. 555,000 E E. None of the above