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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

  1. 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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