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Blossom Company started the year with $59000 in its Common Stock account and a balance...

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Accounting

Blossom Company started the year with $59000 in its Common Stock account and a balance in Retained Earnings of $43000. During the year, the company earned net income of $47000 and declared and paid $19000 of dividends. In addition, the company sold additional common stock amounting to $27000. As a result, the amount of its retained earnings at the end of the year would be

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