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2. Prepare in good form a statement of retained earnings for the year ending 12/31/19 of ABC Co. from the following information: balance 1/1/19

2. Prepare in good form a statement of retained earnings for the year ending 12/31/19 of ABC Co. from the following information: balance 1/1/19 $100,000; net income of $50,000 for 2019; dividends declared $10,000.

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