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Find the ending balance in Retained Earnings as of December 31

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Find the ending balance in Retained Earnings as of December 31 Information for Scandinavian Products at the end of Year 4 follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt 500,000 Dividends Declared on Common Stock during the Year 50,000 Income Summary (income) 225,000 Retained Earnings, January 1, Year 4 ? Common Stock 150,000 Premium on Common Stock 250,000 Required: a. Find the ending balance in Retained Earnings as of December 31, Year 4. b. Find the beginning balance in Retained Earnings as of January 1, Year 4. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help

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