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The retained earnings account had a beginning credit balance of $26,050. During the period, the business had a net loss $12,250, and the company paid

The retained earnings account had a beginning credit balance of $26,050. During the period, the business had a net loss $12,250, and the company paid dividends of $8,450. The ending balance in the retained earnings account is:

a) $38,300.

b) $29,850.

c) $13,800.

d) $5,350.

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