Review exercise-calculate retained earnings
From the following data:
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Retained earnings, December 31, 2014 $245,000
Net Decreses in total assets during 2014 37,400
Net increases in accounts receivable in 2014 8,600
Dividends declared and paid in 2014 33,600
Proceeds from issuance of bonds during 2014 88,400
Net loss for the year ended December 31, 2014 23,000
Calculate the Retained Earnings balance as of December 31, 2013
Retained earnings:
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