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At January 1, 2018, Bakers Company retained earnings balance was $210,000. Assume that net income is $ 505,0000. Bakers Company declares and pay cash dividends

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At January 1, 2018, Bakers Company retained earnings balance was $210,000. Assume that net income is $ 505,0000. Bakers Company declares and pay cash dividends of $ 120,000 and share dividends of 55,000. Prepare retained earnings statement

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