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The CFO is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earings balance at

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The CFO is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earings balance at the beginning of the year $ 161,000 Cash dividends declared for the year 50,000 Net income for the year 97.000 What is the ending balance for retained earnings? $200.000 $279.000 $14,000 $111.000 $258,000

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