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XYZ company records the following line items for the year ended December 31, 2020: Revenue $43,750 Cost of goods sold $40,500 Retained earnings (January 1st,

XYZ company records the following line items for the year ended December 31, 2020: Revenue $43,750 Cost of goods sold $40,500 Retained earnings (January 1st, 2020) $12,500 Dividends $2,500 What is XYZ company's ending retained earnings

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