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Below is a list of accounts with corresponding balances. Using these accounts, along with the fact that the beginning balance in Retained Earnings is $16,000, compute the ending balance in Retained Earnings. Note: Not all of the listed account balances enter into the calculation of Retained Earnings.
Account Account Balancce
a Insurance Expense $2,400
b Cash 4,500
c Sales Revenue 11,300
d Advertising Expense 3,100
e Accounts Payable 5,200
f Dividents 1,200
g Interest Revenue 600
Dividends on common stock were $2.05 per share and dividends on preferred stock were $1.80 per share. The earnings per share of common stock is closest to:
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