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Prepare a retained earnings statement for Hodson Inc. for the year ending 12/31/2020 with the following data: Retained Earnings, Jan 1, 2020 Cash Dividends

Prepare a retained earnings statement for Hodson Inc. for the year ending 12/31/2020 with the following data: Retained Earnings, Jan 1, 2020 Cash Dividends Declared Stock Dividends Declared Net Income $ 2,000,000 $ 42,400 $ 133,600 $ 560,000

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