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Calculate the balance of retained earnings

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Reference no: EM133045552

Question - During the first five years of operations, Della Manufacturing reports net income and pays dividends as follows:

Year

Net Income

Dividends

1

2500

1200

2

2000

1100

3

3300

1100

4

5800

1700

5

8800

2900

Required - Calculate the balance of retained earnings at the end of each year. Note that retained earnings will always qual $0 at the beginning of year 1.

Reference no: EM133045552

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