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Gilkey Corporation began the year with retained earnings of $390,000. During the year, the company issued $450,000 of common stock, recorded expenses of $700,000, and
- Gilkey Corporation began the year with retained earnings of $390,000. During the year, the company issued $450,000 of common stock, recorded expenses of $700,000, and paid dividends of $150,000. If Gilkey's ending retained earnings was $500,000, what was the company's revenue for the year?
$650,000
$960,000
$260,000
$1,950,000
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