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Lorde Corporation's shareholders' equity at December 31, 20x3 was as follows: $1129648 Preferred Shares, 496,...

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Accounting

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Lorde Corporation's shareholders' equity at December 31, 20x3 was as follows: $1129648 Preferred Shares, 496, noncumulative, 93055 shares outstanding Common Shares, 357811 Shares Outstanding Retained Earnings 2000000 1987821 During the year, Lorde's net income amounted to $812649. Dividends of $0.31 per common share were declared and dividends to the preferred shareholders were declared. What is the balance in retained earnings at December 31, 20x4? Select one: a. $2800470 b. $2644363 c. $2689549 d. $2317329

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