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Calculate the retained earnings balance at the end

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Reference no: EM133000757

Problem 1: A company reported a retained earnings balance of $125,900 on last year's balance sheet. This year, the company reported a $15,600 net loss and distributed a $12,400 cash dividend. Calculate the retained earnings balance at the end of the current year.

Select one:

a. $97,900

b. $97,200

c. $98,100

d. $99,800

e. $96,800

Reference no: EM133000757

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