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What was Skysongs retained earnings balance at the end

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Question - Skysong, Inc. began the year 2022 with retained earnings of $670000. During the year, the company sold additional shares of stock for $1005000, recorded revenues of $633000, expenses of $385000, and paid dividends of $131000. What was Skysong's retained earnings balance at the end of 2022?

a. $787000

b. $1172000

c. $633000

d. $1049000

Reference no: EM132532301

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