The accountant for Trader Company is preparing the company's statement of cash f...
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The accountant for Trader Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ 156,000 |
|---|---|
| Cash dividends declared for the year | 48,000 |
| Net income for the year | 94,500 |
What is the ending balance for retained earnings?
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