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What is the ending balance for retained earnings

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Reference no: EM132786591

Question - The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year $173,000

Cash dividends declared for the year 54,800

Net income for the year 103,000

Required - What is the ending balance for retained earnings?

Reference no: EM132786591

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