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33. Using the adjusted trial balance presented in question 31, what is the retained earnings reported on the balance sheet statement of December 31 , 2018 ? a. $10,100 b. $12,100 c. $100 d. $2,100 Clear my choice 34. Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the next accounting period starts. c. in order to close accounts on income statement and transfer net income (or loss) and dividends to the retained earnings account. d. so that financial statements can be prepared. Clear my choice 35. Closing entries are journalized and posted a. before the financial statements are prepared. b. after the financial statements are prepared. c. at management's discretion. d. at the end of each interim accounting period