First Corporation had Retained Earnings at the end of December 31,2022 of $453,000. During 2023,...

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Accounting

First Corporation had Retained Earnings at the end of December 31,2022 of $453,000. During 2023, the company had net income of $173,000 and declared dividends of $20,300. The amount of Retained Earnings reported on the balance sheet as of December 31,2023 will be:
Multiple Choice
$646,300.
$432,700.
$626,000.
$605,700.
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