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Prepare a statement of retained earnings for Tidal Company for the current year ended December 31 using the following data. Note: Amounts to be deducted

Prepare a statement of retained earnings for Tidal Company for the current year ended December 31 using the following data. Note: Amounts to be deducted should be indicated by a minus sign. Cash dividends declared and paid in current year $ 11,200 Retained earnings at December 31, prior year 66,400 Net income in current year 39,400

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