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Need this ASAP On January 1, James Incorporated had a retained earnings balance of $142,000 During the year, James reported net income of $194,000 and

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On January 1, James Incorporated had a retained earnings balance of $142,000 During the year, James reported net income of $194,000 and paid cash dividends of $62,000. Calculate the retained earnings balance at its December 31 year-end Multiple Choice $142,000 $274,000 $194,000 $72.000 $336,000

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