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What is the year-end balance in retained earnings

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Question - The following information appears on the balance sheet of Barrel Corporation at year-end:

Accounts receivable $ 46,000

Accounts payable 22,000

Supplies 18,000

Cash 16,000

Equipment 276,000

Capital stock 260,000

Required - What is the year-end balance in retained earnings?

A. $362,000

B. $598,000

C. $114,000

D. $74,000

Reference no: EM132617179

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