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You know that net income is $ 62,000, retained earnings at the beginning of the year balance is $ 80,000 and dividends declared $ 25,000.

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You know that net income is $ 62,000, retained earnings at the beginning of the year balance is $ 80,000 and dividends declared $ 25,000. What is the ending balance of retained earnings? ENTER YOUR ANSWER IN THE FOLLOWING FORMAT XXXXXX (NO COMMAS, NO DECIMALS)

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