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For the year ending December 31, 2022, Sheridan Inc. reports net income $147,000 and cash dividends $88.500. Determine the balance in retained earnings at December

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For the year ending December 31, 2022, Sheridan Inc. reports net income $147,000 and cash dividends $88.500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022.was $223.500 Balance in retained earnings $ eTextbook and Media

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