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AY Company has a beginning balance of Retained Earnings at $224,500
AY Company has a beginning balance of Retained Earnings at $224,500. During the year, the company earned a loss of $98,500. It also paid cash dividend of $6,250. Calculate the ending balance of Retained Earnings.
Select one:
a. $316,750
b. $119,750
c. $329,250
d. $224,500
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