From the information provided, determine: 1. The amount of retained earnings at December 31. 2. The amount

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From the information provided, determine: 1.

The amount of retained earnings at December 31.

2. The amount of revenues for the period.

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Additional data: Expenses for the period were $35,000. Dividends paid were $7,500. Capital stock increased by $5,000 during the period.

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Financial Accounting

ISBN: 9780324066708

8th Edition

Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.

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