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A corporation began operations in 2022. In its 2022 Fiscal Year, the corporation reported $100,000 in revenues, $70,000 in expenses, and $20,000 in dividends. In
A corporation began operations in 2022. In its 2022 Fiscal Year, the corporation reported $100,000 in revenues, $70,000 in expenses, and $20,000 in dividends. In 2023, the following year, it reported $150,000 in revenues, $90,000 in expenses, and $30,000 in dividends. What will the corporation report as its Retained Earnings balance at the end of 2023?
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