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At January 1, 2018, Bakers Company retained earnings balance was $200,000. Assume that net income is $ 500,0000. Bakers Company declares and pay cash dividends

At January 1, 2018, Bakers Company retained earnings balance was $200,000.

Assume that net income is $ 500,0000. Bakers Company declares and pay cash dividends of $ 125,000 and share dividends of 15,000.

Prepare retained earnings statement.

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