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Retained earnings, December 31, 2012 $ 311,900 Cost of equipment purchased during 2013 30,000 Net loss for the year ended December 31, 2013 4,550 Dividends
Retained earnings, December 31, 2012 | $ | 311,900 |
Cost of equipment purchased during 2013 | 30,000 | |
Net loss for the year ended December 31, 2013 | 4,550 | |
Dividends declared and paid in 2013 | 15,200 | |
Decrease in cash balance from January 1, 2013, to December 31, 2013 | 12,800 | |
Decrease in long-term debt in 2013 | 15,900 | |
Required: |
From the above data, calculate the retained earnings balance as of December 31, 2013. (Negative amounts should be indicated by a minus sign.) |
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