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Carmen, Inc. started the year with $100,000 of retained earnings. The company reported $125,000 of net operating income and declared $35,000 of dividends. What is

Carmen, Inc. started the year with $100,000 of retained earnings. The company reported $125,000 of net operating income and declared $35,000 of dividends. What is the amount of the companys ending retained earnings?

$35,000
$100,000
$190,000
$260,000

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