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Indy Corp has 112,000 shares of $5 par value common stock outstanding that were issued at $15 per share. It also has retained earnings of
Indy Corp has 112,000 shares of $5 par value common stock outstanding that were issued at $15 per share. It also has retained earnings of $250,000. If the Company's books are still open net income is $36,000, and company pays a $2 cash dividend, what will the balance of retained earnings be
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