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Determine the current balance of retained earnings

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Reference no: EM132599678

The following information has been taken from the ledger accounts of Skysong Corporation.

Total income since incorporation $296,000

Total cash dividends paid 55,000

Total value of stock dividends distributed 33,000

Gains on treasury stock transactions 17,000

Unamortized discount on bonds payable 29,000

Question 1: Determine the current balance of retained earnings.

Reference no: EM132599678

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