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What Crane report as ending balance of Retained Earnings

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Reference no: EM132679681

Question - For the year ended December 31, 2020, Crane Company reported the following:

Net income $297000

Preferred dividends declared 48300

Common dividend declared 10600

Unrealized holding loss, net of tax 5600

Retained earnings, beginning balance 384000

Common stock 198400

Accumulated Other Comprehensive Income, Beginning Balance 24500

Required - What would Crane report as the ending balance of Retained Earnings?

Reference no: EM132679681

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