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J&J Corporation has a year-end retained earnings balance of 100000 for 2020. The corporation paid 8000 in dividends in 2020. The corporation's net profit after

J&J Corporation has a year-end retained earnings balance of 100000 for 2020. The corporation paid 8000 in dividends in 2020. The corporation's net profit after tax in 2020 was 50000. What was the retained earnings balance at the end of 2019

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