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What will the projected retained earnings account be

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A company has retained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,000 for 2015. The company expects to declare their annual dividend on March 15, 2015 of $0.70 per share and has a total of 100,000 shares outstanding.

Problem 1: What will the projected retained earnings account be as of December 31, 2015?

Reference no: EM132713247

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