What will the ending retained earnings account be

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Reference no: EM13273351

Nelson Company had equity accounts in 2008 as follows:
Common stock ($1 par value) $120,000
Retained Earnings 32,000
Total Shareholder's equity $152,000
Projected income is $150,000 and 40% of this amount will be paid out immediately as dividends. What will the ending retained earnings account be?

Reference no: EM13273351

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