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The beginning balance in retained earnings is $50,000. Ending balance is $75,000. Dividends during the year were $40,000. Net income for the year: $25,000 $40,000
The beginning balance in retained earnings is $50,000. Ending balance is $75,000. Dividends during the year were $40,000. Net income for the year:
$25,000
$40,000
$65,000
$75,000
Indeterminable from the data given
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