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What is the ending balance in the Retained Earning account given these facts about 2010. Beginning Balance in Retained earnings at 1/1/2010 $10,000, Net income

What is the ending balance in the Retained Earning account given these facts about 2010. Beginning Balance in Retained earnings at 1/1/2010 $10,000, Net income of $5,000, Dividends paid of $3,500.

A.

$18,500
B.

$12,500
C.

$11,500
D.

$15,000

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