For the month ended January 31, 2022, Laker Bakery reported $90,000 of sales revenue and...
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Accounting
For the month ended January 31, 2022, Laker Bakery reported $90,000 of sales revenue and $60,000 of total expenses. The company paid a $10,000 dividend during January 2022. Assuming January 2022 was the new company's first month of operations, what was the balance of Laker Bakery's cash account at January 31, 2022
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