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At the end of Year 2, retained earnings for Baker Company was $1,950. Revenue earned by the company in Year 2 was$2,200, expenses paid during
At the end of Year 2, retained earnings for Baker Company was $1,950. Revenue earned by the company in Year 2 was$2,200, expenses paid during the period were$1,200, and dividends paid during the period were$600. Based on the information above, retained earnings at the beginning of Year 2 was:
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