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Exercise 15-16 The following information has been taken from the ledger accounts of Cheyenne Corporation....

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Accounting

Exercise 15-16 The following information has been taken from the ledger accounts of Cheyenne Corporation.

Total income since incorporation $328,000

Total cash dividends paid 56,000

Total value of stock dividends distributed 29,000

Gains on treasury stock transactions 16,000

Unamortized discount on bonds payable 29,000

Determine the current balance of retained earnings.

Current balance of retained earnings $?

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