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Alphabet Inc. had the following financial data for 2023: Beginning retained earnings: $450,000 Net income: $150,000 Dividends declared and paid: $35,000 Issued common stock for

Alphabet Inc. had the following financial data for 2023:

Beginning retained earnings: $450,000
Net income: $150,000
Dividends declared and paid: $35,000
Issued common stock for $60,000

Prepare the statement of retained earnings for Alphabet Inc. for the year ending December 31, 2023.

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