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On September 1, Baxter Inc. reported retained earnings of $136,000. during the month of September Baxter generated revenues of $20,000, incurred expenses of $12,000, purchased

On September 1, Baxter Inc. reported retained earnings of $136,000. during the month of September Baxter generated revenues of $20,000, incurred expenses of $12,000, purchased equipment for $5000 and paid dividends of $6000.

What is the balance in Retained Earnings on September 30?

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