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Duke Corporation reports the following components of stockholders' equity on December 31, 2013 In year 2014, the following transactions affected its stockholder's equity accounts: Jan

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Duke Corporation reports the following components of stockholders' equity on December 31, 2013 In year 2014, the following transactions affected its stockholder's equity accounts: Jan 1 Purchased 4,000 shares of its own stock at $28 cash per share. Jan, 5 Directors declared a $4 per share cash dividend payable on Feb, 28 to the Feb 5 stockholder's of record Feb. 28 Paid the dividend declared on January 5. Mar 3 Sold 1100 shares of treasury stock for $29 per share May 25 Sold 1100 stores of treasury stock for $14 per share June 15 Directors declared a $1.50 per share cash dividend payable on July 15 to the June 30 stockholders of record July 15 Paid the dividend declared on June 15 What is the amount in the Retained Earnings account immediately after the dividend on July 15? $460,000 $387, 200 $473, 200 $244, 400 $316,000

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