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Golden Enterprises started the year with the following: Assets $127.000: Liabilities $43,000: Common Stock $73,000, Retained Earnings $11,000 During the year, the company earned revenue

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Golden Enterprises started the year with the following: Assets $127.000: Liabilities $43,000: Common Stock $73,000, Retained Earnings $11,000 During the year, the company earned revenue of $6,700, all of which was received in cash, and incurred expenses of $3,850, all of which were unpaid as of the end of the year. In addition, the cominy paid dividends of $2700 to owners. Assume no other activities occurred during the year The amount of Golden's retained earnings at the end of the year is

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