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Based on the following information for the year ended December 31, 2018, what is the dollar amount of Retained Earnings at December 31st? Retained Earnings,

Based on the following information for the year ended December 31, 2018, what is the dollar amount of Retained Earnings at December 31st?

Retained Earnings, January 1, 2018 $1,000,000

Net Income for 2018 $ 600,000

Cash dividends declared in 2018 $ 100,000

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