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Roebke Company reported retained earnings at December 31, 2021, of $400,000. Roebke had 300,000 shares issued and 160,000 shares of common stock outstanding throughout
Roebke Company reported retained earnings at December 31, 2021, of $400,000. Roebke had 300,000 shares issued and 160,000 shares of common stock outstanding throughout 2022. The following transactions occurred during 2022. 1. A cash dividend of $1.50 per share was declared and paid. 2.A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $250,000. How much was Roebke's ending retained earnings balance for 2022? Enter your answer with a comma between the hundreds and thousands, and no decimal point or cents. For example, if the answer is 123456, enter the answer as 123,456 type your answer...
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