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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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