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Please fill in all the answers that are needed Determining Retained Earnings and Net Income The following information appears in the records of Jones Corporation

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Determining Retained Earnings and Net Income The following information appears in the records of Jones Corporation at year-end: a. Calculate the balance in retained earnings at year-end. $ b. If the amount of the retained earnings at the beginning of the year was $60,000, and $25,000 in dividends is paid during the year, calculate net income (net loss) for the year. $

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