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Please answer Thank you Create a Statement of Retained Earnings using the following information: Retained Earnings, Jan 1 2021: $500000 Net Sales: $194000 Cost of

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Create a Statement of Retained Earnings using the following information: Retained Earnings, Jan 1 2021: $500000 Net Sales: $194000 Cost of Goods Sold: $109000 Operating Expenses: $57500 Cash Dividends: $55000

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