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The following information is available. After closing entries are posted, what will be the balance in the Retained earnings account? Total revenues $ 125,000 Total

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The following information is available. After closing entries are posted, what will be the balance in the Retained earnings account? Total revenues $ 125,000 Total expenses 60,000 Retained earnings (Beginning Retained Earnings) 80,000 Dividends 15,000 A) $65,000. B) $80,000. C) $130,000. D) $145,000. E) $280,000

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