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A firm had retained earnings of $15,472 at the beginning of 2020. During the year, the company earned net income of $8,058 and paid $3,377

A firm had retained earnings of $15,472 at the beginning of 2020. During the year, the company earned net income of $8,058 and paid $3,377 in dividends. What is the value of the firm's retained earnings at the end of 2020?

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