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For the year ending December 31, 2022, Sheffield Inc. reportsnet income $140,000 and cash dividends $85,000. Determine thebalance in retained earnings at December 31, assuming

For the year ending December 31, 2022, Sheffield Inc. reportsnet income $140,000 and cash dividends $85,000. Determine thebalance in retained earnings at December 31, assuming the balancein retaine For the year ending December 31, 2022, Sheffield inc reports net income \\( \\$ 140,000 \\) and cash dividends \\( \\$ 85,000 \\). Determine the balance in retained earnings at December 31, assuming t 2 answers

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