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A company has a beginning balance of $50,000 in its retained earnings account. During the year, the company earned $150,000 in net income and paid

A company has a beginning balance of $50,000 in its retained earnings account. During the year, the company earned $150,000 in net income and paid out $20,000 in dividends. The company also issued $10,000 in new common stock during the year. What is the ending balance in the company's retained earnings account?

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