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At the end of year 2, retained earnings for the Barker company was $3,250. revenue earned by the company in year 2 was $3,500, expenses
At the end of year 2, retained earnings for the Barker company was $3,250. revenue earned by the company in year 2 was $3,500, expenses paid during the period were $1,850, and dividends paid during the period were $1,250. Based on this information alone, what was the amount of retained earnings at the beginning of year 2?
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