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In the statement of shareholders' equity, Retained Earnings had a beginning balance of $26,700. During the period, the company reports a net income of $11,700

In the statement of shareholders' equity, Retained Earnings had a beginning balance of $26,700. During the period, the company reports a net income of $11,700 and a dividend of $5,700. The ending balance in the Retained earnings account is: Multiple Choice $32,700. $38,400. $11,700 O $44,100.
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