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Calculate the retained earnings

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Reference no: EM131751244

Charlie, who launched the fabulously successful Charlie's Clam House in Staten Island, is trying to calculate the retained earnings for 2020, during which his business earned a record $80,000. In 2019, retained earnings were $50,000. Charlie had taken a dividend of $40,000. What are ending retained earnings.

Reference no: EM131751244

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