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Calculate the retained earnings balance at the end of the period. Preference shares have been treated as debt in the financials. Net income382,090.0Retained earnings, end

Calculate the retained earnings balance at the end of the period.

Preference shares have been treated as debt in the financials.

Net income382,090.0Retained earnings, end of prior year1,509,170.0Common stock3,800,000.0Preference shares760,000.0Preference shares dividend10.00%Common stock dividend announced and paid152,836.0

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