Prepare the statement of retained earnings for MC Company

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Problem - On January 1, 20--, MC Company had a retained earnings balance of $720,500. During the year, it paid cash dividends of $24,000 and stock dividends of $47,000, and had net income of $88,000. Prepare the statement of retained earnings for MC Company for the year ended December 31, 20--.

Reference no: EM132723267

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