Prior to closing the accounts, Syracuse Company's accounting records showed the following balances: Retained earnings $ 7,400 Service revenue 8,450 Interest revenue 1,200 Salaries expense 5,300 Operating expense 1,750 Interest expense 900 Dividends 1,500 After closing the accounts, what is the balance of the Retained Earnings account

If 12 million pairs of shoes are sold, , which means that: it would be more efficient for society to devote fewer resources to the production of shoes. it would be fairer for society to devote fewer resources to the production of shoes. society is currently devoting the efficient quantity of resources to the production of shoes. it would be fairer for society to devote more resources to the production of shoes. it would be more efficient for society to devote more resources to the production of shoes.