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Windsor Corporation has retained earnings of $ 706,000 at January 1, 2020. Net income during 2020 was $ 1,643,000, and cash dividends declared and paid
Windsor Corporation has retained earnings of $ 706,000 at January 1, 2020. Net income during 2020 was $ 1,643,000, and cash dividends declared and paid during 2020 totaled $ 82,100. Prepare a retained earnings statement for the year ended December 31, 2020. (List items that increase retained earnings first.)
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