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Prepare a statement of retained earnings for the year ended

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Reference no: EM132723249

Problem - McGregor Company had the following balances and results for the current calendar year:

Retained earnings, January 1 $60,000

Cash dividends declared 5,000

Net income for the year 20,000

Required - Prepare a statement of retained earnings for the year ended December 31, 20--.

Reference no: EM132723249

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