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For the year ending December 31, 2017, Soto Inc. reports net income $148,000 and dividends $89,000. prepare the earnings statement for the year assuming the

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For the year ending December 31, 2017, Soto Inc. reports net income $148,000 and dividends $89,000. prepare the earnings statement for the year assuming the balance in retained earnings on January 1, 2017, was $224,000. (List items that increase retained earnings first.)

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