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Given the following information about a corporation's current year activities, compute the ending retained earnings for the current year or as of Dec 31. You
Given the following information about a corporation's current year activities, compute the ending retained earnings for the current year or as of Dec 31. You must show how you calculated this number to receive credit. (1 point)
Retained earnings, January 1
$342,000
Cash dividends
$51,000
Stock dividends
$20,000
Net income
$131,000
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