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Retained earnings, December 31, 2016 $ 341,800 Cost of buildings purchased during 2017 41,700 Net income for the year ended December 31, 2017 56,500 Dividends
Retained earnings, December 31, 2016 | $ | 341,800 |
Cost of buildings purchased during 2017 | 41,700 | |
Net income for the year ended December 31, 2017 | 56,500 | |
Dividends declared and paid in 2017 | 32,700 | |
Increase in cash balance from January 1, 2017, to December 31, 2017 | 23,900 | |
Increase in long-term debt in 2017 | 44,700 |
How do I calculate the Retained Earnings balance as of December 31, 2017?
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