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A company has the following results for the year ending July 31: Retained earnings, August 1 $875,000 Net income 455,000 Cash dividends declared 140,000 Stock

A company has the following results for the year ending July 31:

Retained earnings, August 1

$875,000

Net income

455,000

Cash dividends declared

140,000

Stock dividends declared

60,000

In the answer box provided below create the Retained Earnings section of the balance sheet.

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