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What is the amount of retained earnings on december

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Reference no: EM132779992

Parker Company has a balance of $26,000 in retained earnings on January 1. During the year, Parker reported revenues of $74,000 and expenses of $57,000. Parker also paid a dividend of $10,000.

Problem 1: What is the amount of retained earnings on December 31?

Reference no: EM132779992

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