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The following accounts and balances were drawn from the records of Juniper Company:
Cash $5,000
Accounts Payable $4,500
Common Stock $6,000
Land $19,000
Accounts Receivable $2,000
Problem 1: Based on this information alone, the amount of Juniper's retained earnings is:
a.$13,500
b.$15,500
c.$21,500
d.$9,500
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