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Exercise 11-17(Algo) Preparing a statement of retained earnings LO C3 Prepare a...

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Accounting

Exercise 11-17(Algo) Preparing a statement of retained earnings LO C3
Prepare a statement of retained earnings for Tidal Company for the current year ended December 31 using the following data.
Note: Amounts to be deducted should be indicated by a minus sign.
Cash dividends declared and paid in current year $ 9,200
Retained earnings at December 31, prior year 62,400
Net income in current year 35,400

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