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The Andrews company currently has the following balances in their equity accounts: Common Stock $16,080 Retained earnings $79,374 Suppose next year the Andrews company generates

The Andrews company currently has the following balances in their equity accounts: Common Stock $16,080 Retained earnings $79,374 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

A $62,380

B $111,454

C $109,674

D $95,454

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