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Feldman Company Had a Balance of $360,000 in Retained Earnings

Question 129

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Feldman Company had a balance of $360,000 in Retained Earnings on December 31,2013.During 2014,the company reported a net income of $48,000,and dividends of $36,000 were paid.Prepare the company's statement of retained earnings for the year ended December 31,2014.

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