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At the end of Year 2, retained earnings for the Baker Company was $3,750. Revenue earned by the company in Year 2 was $4,000, expenses
At the end of Year 2, retained earnings for the Baker Company was $3,750. Revenue earned by the company in Year 2 was $4,000, expenses paid during the period were $2,100, and dividends paid during the period were $1,500. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2? Multiple Choice
$8,000.
$3,350.
$1,850.
$4,150.
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