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For the year ending December 31, 2020, Coronado Inc. reports net income $136,000and cash dividends $83,000. Determine the balance in retained earnings at December 31,

For the year ending December 31, 2020, Coronado Inc. reports net income $136,000and cash dividends $83,000.

Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2020, was $218,000.

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