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Business, 20.07.2021 02:40 vvaallww

Retained earnings, December 31, 2013 $342,700 Cost of buildings purchased during 2014 44,100
Net income for the year ended December 31, 2014 56,200
Dividends declared and paid in 2014 32,800
Increase in cash balance from January 1, 2014, to December 31, 2014 22,700
Increase in long-term debt in 2014 45,300
Required:
Calculate the Retained Earnings balance as of December 31, 2014.

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Retained earnings, December 31, 2013 $342,700 Cost of buildings purchased during 2014 44,100
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