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Sail Corporation had $725,000 of retained earnings at January 1, and declared dividends of $30,000. Retained earnings at December 31 were $860,000. What was the

Sail Corporation had $725,000 of retained earnings at January 1, and declared dividends of $30,000. Retained earnings at December 31 were $860,000. What was the profit for the year? O $135,000 $165,000 $180,000 O $105,000

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