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Two years ago, Dave started a newly incorporated business with a strict policy of paying half the current annual profits to shareholders as dividends on

Two years ago, Dave started a newly incorporated business with a strict policy of paying half the current annual profits to shareholders as dividends on Dec

31 % .

if he generated a loss of

52, 200

in his first year and a profit of $

10, 000

in the second year, Kumar\'s retained earnings account

What is the currently holds?

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