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Oriole Company started the year with $63600 in its Common Stock account and a balance in Retained Earnings of $46600. During the year, the company
Oriole Company started the year with $63600 in its Common Stock account and a balance in Retained Earnings of $46600. During the year, the company earned net income of $50900 and declared and paid $21200 of dividends. In addition, the company sold additional common stock amounting to $29700. As a result, the amount of its retained earnings at the end of the year would be
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