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During its first month of operations, Hadley Corporation provided $24,545 of services to it customers. Its costs included rent of $2,375 and salaries and

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During its first month of operations, Hadley Corporation provided $24,545 of services to it customers. Its costs included rent of $2,375 and salaries and wages totaling $6,570. At the end of the month, the board of directors approved a dividend of $1,200 What is the balance of the retained earnings account at the end of the month?

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