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The following information is reported at the end of 2013. Accounts Receivable$69,000 Retained Earnings$? Accounts Payable33,000 Supplies Inventory27,000 Cash24,000 Equipment414,000 Common Stock330,000 Compute the amount
The following information is reported at the end of 2013.
Accounts Receivable$69,000 Retained Earnings$?
Accounts Payable33,000
Supplies Inventory27,000
Cash24,000
Equipment414,000
Common Stock330,000
Compute the amount of retained earnings at the end of 2013.
2) If the amount of retained earnings at the beginning of 2013 was $90,000, and $36,000 in cash dividends were declared and paid during 2013, what was its net income for 2013?
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