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Calculate the balance of retained earnings at the end of each year of Perry Consulting. Note that retained earnings will always equal $0 at the beginning of year 1. (Omit the "tiny_mce_markerquot; sign in your response.)

Year Net Income Dividends Retained Earnings
1 $ 1,050 $ 450 $
2 1,900 600
3 2,200 950
4 3,400 800
5 4,200 950

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9450460

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