For this Activity, you will get into groups of three to four and create a two to three minute skit portraying the proper use of each management style listed below. Delegating:

Participating:

Telling:

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?