Balance in retained earnings for night scapes

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Reference no: EM131498149

Statement of Retained Earnings Night Scapes, Corp. began the year 2008 with $25 million in retained earnings. The firm suffered a net loss of $2.5 million in 2008 and yet paid $2.05 million to its preferred stockholders and $1.05 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Night Scapes?

Reference no: EM131498149

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