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A company had a beginning balance in retained earnings of $43,400. It had net income of $6,400 and paid out cash dividends of $5,725 in

A company had a beginning balance in retained earnings of $43,400. It had net income of $6,400 and paid out cash dividends of $5,725 in the current period. The ending balance in retained earnings equals: $42,725. $55,525. $5,725. $44,075. $12,125.

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