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Listen O'Neill Incorporated began the year with retained earnings of $515,000. During the year, the company recorded revenues of $535,000, expenses of $412,000, borrowed

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Listen O'Neill Incorporated began the year with retained earnings of $515,000. During the year, the company recorded revenues of $535,000, expenses of $412,000, borrowed $100,000 from the bank, and paid dividends of $60,000. What was O'Neill's retained earnings at the end of the year? $638,000 $678,000 $480,000 $578,000

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