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Exercise 1010( Algo) Calculate retained earnings each year (LO10-5) In its first five years of...

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Exercise 1010( Algo) Calculate retained earnings each year (LO10-5) In its first five years of operations, Monster Hats reports the following net income and dividends (tbe first year is a net loss) Required: Calculate the balance of Retained Earnings at the end of each yeac (Negative amounts should be indicated with a minus sign.)

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