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Orange Inc. is reacquiring 20,000 common shares. The price is $7.7/share and the average price is $7. Assuming that there is a contributed surplus balance

Orange Inc. is reacquiring 20,000 common shares. The price is $7.7/share and the average price is $7. Assuming that there is a contributed surplus balance of $5,000, how much will retained earnings decrease by? Place a negative sign in front of your response (e.g. -100)

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