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For the year ending December 31,2022, Swifty Inc, reports net income $131,000 and cash dividends $80,500. Determine the balance in retained earnings at December 31

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For the year ending December 31,2022, Swifty Inc, reports net income $131,000 and cash dividends $80,500. Determine the balance in retained earnings at December 31 , assuming the balance in retained earnings on January 1 , 2022, was $215,500 Balance in retained earnings

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