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If during the year, service revenue was $290,000, receivables increased by $43,000, total expenses were $145,000, payables decreased by $32,000, additional capital stock issued was $80,000, and dividends declared (recorded to the account dividends) were $8,000, what is the change in retained earnings as a result of the closing process? > 6 pts Question 4 The authoritative literature for US GAAP is maintained by the FASB. Updates to the codification are called [ Select] Within the database used to access the US GAAP standards in the SMU library, the key first step is to change the "Current View" to [Select] If during the year, service revenue was $290,000, receivables increased by $43,000, total expenses were $145,000, payables decreased by $32,000, additional capital stock issued was $80,000, and dividends declared (recorded to the account dividends) were $8,000, what is the change in retained earnings as a result of the closing process? > 6 pts Question 4 The authoritative literature for US GAAP is maintained by the FASB. Updates to the codification are called [ Select] Within the database used to access the US GAAP standards in the SMU library, the key first step is to change the "Current View" to [Select]