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The Andrews company currently has the following balances in their equity accounts: Common Stock $11,669 Retained earnings $96,933 Suppose next year the Andrews company generates

The Andrews company currently has the following balances in their equity accounts: Common Stock $11,669 Retained earnings $96,933 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? Select: 1 $124,602 $108,602 $57,969 $127,233

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