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EA 18. LO 14.4 Roxanne's Delightful Candies, Inc. began the year with a retained earnings balance of $45,000. The company had a great year and

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EA 18. LO 14.4 Roxanne's Delightful Candies, Inc. began the year with a retained earnings balance of $45,000. The company had a great year and earned a net income of $80,000. However, the company's controller determined that it had made an error when calculating depreciation in the preceding year, resulting in an understated depreciation expense amount of $2,000. What is the ending retained eamings balance

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