Which of the Following Statement Year,Valley Packaging Company's Adjusted Trial

Which of the following statement year,Valley Packaging Company's adjusted trial balance showed a zero balance in retained earnings.Which of the following is the most likely explanation for this?

A) Valley reported zero net income in the current year.
B) Valley's trial balance will be out of balance until closing entries are recorded.
C) The current year was Valley's first year in business.
D) An error must have been made in preparing Valley's trial balance.

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