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The Retained earnings account for Nathan Corporation had a credit balance of $600,000 at the beginning of 200 and $800,000 at the end of 200.

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The Retained earnings account for Nathan Corporation had a credit balance of $600,000 at the beginning of 200 and $800,000 at the end of 200. Selected transactions during 201 follow: a. Net loss was $15,000. b. Cash dividends declared were $55,000. c. Repurchased 100 shares of Nathan Corporation common stock, paying $20 per share. Each share has a \$5 par value and was originally issued for $35. d. Sold 20 shares of Nathan Corporation common stock for $22 each. Required: Calculate Nathan's retained earnings balance as of the end of 201. $540,000 $730,000 $740,000 870,000

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