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Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: 1-9A. 8,000 Cash. Calculate the balance in

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Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: 1-9A. 8,000 Cash. Calculate the balance in retained earnings at year-end. If the amount of the retained earnings at the beginning of the year was $38,000, and $13,000 in dividends is paid during the year, calculate net income for the year. a. b

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