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Dayton Corporation began the current year with a retained earnings balance of $19,122. During the year, the company corrected an error made in the prior

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Dayton Corporation began the current year with a retained earnings balance of $19,122. During the year, the company corrected an error made in the prior year, which was a failure to record a depreciation expense of $3,830 on equipment. Also, during the current year, the company earned net income of $17,130 and declared cash dividends of $6,529. Compute the year-end retained earnings balance. O $29,723 OD. $46,611 c. 525,893 Od. 519.122

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