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Thermopolis, Inc. reported retained earnings of $500,000 on December 31, 2017. During the year, Thermopolis...

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Accounting

Thermopolis, Inc. reported retained earnings of $500,000 on December 31, 2017. During the year, Thermopolis recorded net income of 100,000 and paid dividends of $50,000. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2016? Put your answer without comma or dollar sign.

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