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During 2022, Sein Corporation earned net income of $50,000 and declared and paid cash dividends of $40,000. On December 31, 2022, the company's retained earnings

During 2022, Sein Corporation earned net income of $50,000 and declared and paid cash dividends of $40,000. On December 31, 2022, the company's retained earnings account had a balance of $760,000. What must have been the January 1, 2022 balance in the retained earnings account?

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