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QUESTION 17 Retained Earnings Mason Manufacturing started 2044 with the following beginning balances: total assets of $550,000, total liabilities of $400,000, and total equity of
QUESTION 17 Retained Earnings Mason Manufacturing started 2044 with the following beginning balances: total assets of $550,000, total liabilities of $400,000, and total equity of $150,000, including retained earnings of $50,000. By the end of 20Y4, Mason earned $375,000 in sales revenue and incurred total expenses of $325,000. Mason also declared and paid dividends to shareholders for $15,000. What is Mason's ending balance in Retained Earnings at the end of 20Y4? NOTE: Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5,000). Handwritten work must be submitted to receive credit for this
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