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Roxanne's Delightful Candies, Inc. began the year with a retained earnings balance of $40,000. The company had a great year and earned a net income

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Roxanne's Delightful Candies, Inc. began the year with a retained earnings balance of $40,000. The company had a great year and earned a net income of $81,000. However, the company's controller determined that it had made an error when calculating depreciation in the preceding year, resulting in an understated depreciation expense amount of $1,700. What is the ending retained earnings balance

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