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Determine the balance in retained earnings at december

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Reference no: EM133165259

Question - For the year ending December 31, 2022, Sheridan Inc. reports net income $ 134,000 and cash dividends $82,000. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $217,000.

Reference no: EM133165259

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