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The following information has been taken from the ledger accounts of Teal Corp Total income since incorporation $309,000 Total cash dividends paid 55,000 Total

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The following information has been taken from the ledger accounts of Teal Corp Total income since incorporation $309,000 Total cash dividends paid 55,000 Total value of stock dividends distributed 33,000 Gains on treasury stock transactions 17,000 Unamortized discount on bonds payable 32,000 Determine the current balance of retained earnings. Current balance of retained earnings $

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