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7. The following information is available for Grey Goose Inc.: Beginning retained earnings $570,000 Cash dividends declared 60,000 Net income for 2019 120,000 Stock dividend

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7. The following information is available for Grey Goose Inc.: Beginning retained earnings $570,000 Cash dividends declared 60,000 Net income for 2019 120,000 Stock dividend declared 15,000 Instructions Based on the preceding information, prepare a retained earnings statement for 2019

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