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During UnitedHealth Group's first year of operations, it made cash sales of $ 1 6 6 , 0 0 0 and credit sales of $

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During UnitedHealth Group's first year of operations, it made cash sales of $166,000 and credit sales of $244,000.$170,000 in cash from these credit sales was collected during the year. The Company purchased a new building for $90,000, which they financed through a long term note payable, Expenses for the year totaled $220,000, of which $128,000 was paid in cash. Dividends of $8,000 were paid to stockholders. What was Retained Earnings at the End of its first year of operations?
Select one:
a. $14.000
b. $190,000
C. $70,000
d. $12,000
e. $182,000
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