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The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $215,000. During 2016, the company had revenues of $415,000 and

The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $215,000. During 2016, the company had revenues of $415,000 and expenses of $357,500, and the company declared and paid dividends of $12,500. Retained earnings on the balance sheet as of December 31, 2016 will be:

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