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What was the balance in retained earnings

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Problem - Paquin Company has the following information available for the most current year:

Paid-in capital, January 1, 2014 - $475,000

Retained earnings, January 1, 2014 - $50,000  

Total revenues in 2014 - $890,000

Total expenses in 2014 - $550,000

Dividend declared in 2014 - $70,000  

What was the balance in Retained Earnings at December 31, 2014?

Reference no: EM131568574

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