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For the year ending December 31,2022 , Concord Inc reports net income $133,000 and cash dividends $81,500. Determine the balance in retained earnings at December

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For the year ending December 31,2022 , Concord Inc reports net income $133,000 and cash dividends $81,500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022 , was $216,500. Balance in retained earnings

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