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For the year ending December 31, 2020, Cullumber Company reports net income $130,000 and cash dividends $80,000. Determine the balance in retained earnings at December

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For the year ending December 31, 2020, Cullumber Company reports net income $130,000 and cash dividends $80,000. Determine the balance in retained earnings at December 31 assuming the balance in retained earnings on January 1, 2020, was $215,000. (List items that increase retained earnings first.) Cullumber Company Retained Earnings Statement

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