Snowcap, Inc. reports a beginning Retained earnings balance of $20,000. During the year, new...
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Accounting
Snowcap, Inc. reports a beginning Retained earnings balance of $20,000.
During the year, new shares of common stock were issued for $12,000 and dividends of $4,000 were declared.
Snowcap recorded revenue of $42,000 and expenses of $19,000.
Additionally, Snowcap purchased land for $26,000.
What is Snowcap's final balance of Retained earnings?
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