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The Gum Company Began the year with retained earnings 48,000 44000 shares of 1$ par common stock outstanding Sales: 200,000 Expense: 80,000 Declared and paid

The Gum Company Began the year with retained earnings 48,000 44000 shares of 1$ par common stock outstanding Sales: 200,000 Expense: 80,000 Declared and paid 0.40 per share dividend What is the retained earnings balance at year end ?

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