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HUD Company had a beginning retained earnings of $30,995. For the year, the company had net income of $7,590 and paid dividends of $3,120. The

HUD Company had a beginning retained earnings of $30,995. For the year, the company had net income of $7,590 and paid dividends of $3,120. The company also issued $5,320 in new stock during the year. What is the ending retained earnings balance?

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