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Problem 4: Shugun Inc. has the following account information for the year 2020. Common Stock Account Payable Additional Paid-In-Capital Cash Equipment Deferred Tax Liability Retained
Problem 4: Shugun Inc. has the following account information for the year 2020. Common Stock Account Payable Additional Paid-In-Capital Cash Equipment Deferred Tax Liability Retained Earnings Accumulated Depreciation Accounts Receivable Mortgage Payable Inventory $100,000 $1,100,000 100,000 $800,000 $4,000,000 400,000 ?? -2,700,000 1,200.000 $1,700.000 2,000,000 1. How much would the retained earnings be for the year 2020?* O A) $2,200,000 B) $1,900,000 O C) $2,500,000 O D) $5,000,000 E) None of the above
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