The following information is available for the Noir Detective Agency, Inc. After recording these closing entries, what will be the balance in the Retained Earnings account? 
Definitions:
Split-Off Point
The stage in a process where different products have been sufficiently processed and can be recognized as distinct goods.
Weighted Average Method
An inventory valuation method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale during the period.
Joint Costs
The costs incurred in the process of producing two or more joint products before the point at which the products become separately identifiable.
Split-Off Point
In a production process, the stage at which jointly processed products become individually identifiable and able to be separated into distinct products.
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