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Archer Company had the following information for the current year, 2025: Dividends declared and paid during 2025 Accounts Payable balance at end of 2025 Cash
Archer Company had the following information for the current year, 2025: Dividends declared and paid during 2025 Accounts Payable balance at end of 2025 Cash balance at end of 2025 Net income for the year Accounts Receivable balance at end of 2025 Retained Earnings, January 1, 2025 What is the balance in Retained Earnings on December 31, 2025? A. $198,733 B. $172,733 C. $262,733 OD. $137,527 $11,597 64,000 26,000 129,862 5,600 80,468
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