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Hadco Inc. reported retained earnings of $354,500 on December 31, 2014. During the year, Hadco recorded a net loss of $90,050 and paid dividends of

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Hadco Inc. reported retained earnings of $354,500 on December 31, 2014. During the year, Hadco recorded a net loss of $90,050 and paid dividends of $42,500. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2013

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