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Annual, Inc., had beginning retained earnings of $148,000. During the year, Annual, Inc. had net income of $54,000 and declared and paid dividends of $47,000.

Annual, Inc., had beginning retained earnings of $148,000. During the year, Annual, Inc. had net income of $54,000 and declared and paid dividends of $47,000. What will be shown for ending retained earnings on Annual's year-end balance sheet

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