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Retained earnings, December 31, 2016 $ 346,200 Cost of buildings purchased during 2017 40,900 Net income for the year ended December 31, 2017 56,300 Dividends
| Retained earnings, December 31, 2016 | $ | 346,200 |
| Cost of buildings purchased during 2017 | 40,900 | |
| Net income for the year ended December 31, 2017 | 56,300 | |
| Dividends declared and paid in 2017 | 32,300 | |
| Increase in cash balance from January 1, 2017, to December 31, 2017 | 23,300 | |
| Increase in long-term debt in 2017 | 44,600 | |
| From the above data, calculate the Retained Earnings balance as of December 31, 2017: Retained Earnings: | ||
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