Question 24 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. ABC's Net Income for June was $20,000. ABC declared and paid a $5,000 dividend in June. The June beginning balance in ABC's Cash Account was $35,000 and the June ending balance in the Cash Account was $25,000. The Retained Earnings amount shown on ABC's June 30th Balance Sheet should be: A. $70,000 B B. $75,000 C. $65.000 D. $55,000 E E. None of the above