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At January 1, 2017, Blue Spruce Corp. reported Retained Earnings of $406000. During 2017, Blue had a net loss of $87000 and paid dividends to

At January 1, 2017, Blue Spruce Corp. reported Retained Earnings of $406000. During 2017, Blue had a net loss of $87000 and paid dividends to the stockholders of $58000. At December 31, 2017, the balance in Retained Earnings is

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