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Calculate the retained Earning balance as at December

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Reference no: EM132436619

Question - Falcon Attorneys reported the following information for the year ended December 31, Year 2:

Revenue $12,000,000

Expenses 10,500,000

Dividends declared and paid 500,000

Retained earnings at December 31, Year 2 1,650,000

Required: Calculate the retained Earning balance as at December 31, Year 1.

Reference no: EM132436619

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