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Splish Corporation has retained earnings of $707.000 at January 1, 2020. Net income during 2020...

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Accounting

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Splish Corporation has retained earnings of $707.000 at January 1, 2020. Net income during 2020 was $1,428,500, and cash dividends declared and paid during 2020 totaled $85,000. Prepare a retained earnings statement for the year ended December 31, 2020. (List items that increase retained earnings first.) SPLISH CORPORATION Retained Earnings Statement $ $

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