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please thank you Problem 1: Retained Earnings Statement (8 Points) Below is the Retained Earnings account for the year 2021 for Recinos Imports Ltds. Prepare

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Problem 1: Retained Earnings Statement (8 Points) Below is the Retained Earnings account for the year 2021 for Recinos Imports Ltds. Prepare a corrected retained earnings statement. Recinos Imports Ltd. normally sells investments of the type mentioned above. FIFO inventory was used in 2021 to compute net income

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