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A company reports a beginning Retained earnings balance of $20,000. During the year, new shares of common stock were issued for $12,000 and dividends of
A company reports a beginning Retained earnings balance of $20,000. During the year, new shares of common stock were issued for $12,000 and dividends of $4,000 were declared. The company recorded revenue of $42,000 and expenses of $19,000. Additionally, the company purchased land for $26,000.
What is the final balance of Retained earnings?
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