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The Gryffin Company started operations this year and reported the following information at the end of the year (i.e. ending balances):
Revenue $16,900
Equipment $10,500
Notes payable ?
Cost of Goods Sold 12,600
Cash 1,650
Payroll expense 2,400
Common stock 10,000
Inventory 850
Maintenance expense 750
Dividends 150
What amount of ending retained earnings would the company report in its financial statements?
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