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HUD, Co. had a beginning retained earnings of $29,240. For the year, the company had net income of $6,015 and paid dividends of $2,265.

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HUD, Co. had a beginning retained earnings of $29,240. For the year, the company had net income of $6,015 and paid dividends of $2,265. The company also issued $4,015 in new stock during the year. What is the ending retained earnings balance?

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