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A company reported a retained earnings balance of $125,200 on last years balance sheet. This year, the company reported a $16,200 net loss and distributed

A company reported a retained earnings balance of $125,200 on last years balance sheet. This year, the company reported a $16,200 net loss and distributed a $12,200 cash dividend. Calculate the retained earnings balance at the end of the current year. Select one: a. $99,800 b. $98,100 c. $97,200 d. $96,800 e. $97,900

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