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What is the company retained earnings balance

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Question - A company's retained earnings balance at the beginning of the year is 53,600. Its common stock account balance is 85,000, and its paid- in capital in Excess par - common stock balance is 39,000, at the end of the year. Net income for the year is 36,400. Cash dividends declared and paid during the year is 5,500. Stock Dividends declared and distributed during the year is 12,100.

What is the company's retained earnings balance at the end of the year?

Reference no: EM132189402

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