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For the year ending December 31, 2022, Coronado Inc. reports net income $149,000 and cash dividends $89,500. Determine the balance in retained earnings at December

For the year ending December 31, 2022, Coronado Inc. reports net income $149,000 and cash dividends $89,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $224,500. Balance in retained earnings ____

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