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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,366 Retained earnings $56,575 Suppose next year the Andrews company generates

The Andrews company currently has the following balances in their equity accounts: Common Stock $12,366 Retained earnings $56,575 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?

$58,666

$84,941

$86,875

$68,941

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