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Adams Company had retained earnings of $56, 500 at the beginning of 2013. During the year the company had total revenues of $610,000; total expenses
Adams Company had retained earnings of $56, 500 at the beginning of 2013. During the year the company had total revenues of $610,000; total expenses (including taxes) of $503,000; bought property & equipment for $330,000, and paid cash dividends of $16,000. What's Adams Company's retained earnings at the end of 2013
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