Balance in retained earnings for triplette

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Reference no: EM131825144

Statement of Retained Earnings Triplette, Corp. began the year 2008 with –$5.02 million in retained earnings. The firm earned net income of $10.12 million in 2008 and paid $2.12 million to its preferred stockholders and $1.12 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Triplette?

Reference no: EM131825144

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