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38. Big Bluestem Inc. reported the following results for the year ending April 30: Retained earnings, May 1 Net income Cash dividends declared Stock dividends

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38. Big Bluestem Inc. reported the following results for the year ending April 30: Retained earnings, May 1 Net income Cash dividends declared Stock dividends declared $3,750,000 720,000 80,000 220,000 Prepare a retained earnings statement for the fiscal year ended April 30

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