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Business, 14.06.2021 15:30 luisafer127

Retained earnings, December 31, 2019 $210,300 Decrease in total liabilities during 2019 45,800
Gain on the sale of buildings during 2019 16,100
Dividends declared and paid in 2019 4,500
Proceeds from sale of common stock in 2019 49,400
Net income for the year ended December 31, 2019 22,600

Required:
From the above data, calculate the retained earnings balance as of December 31, 2015.

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Retained earnings, December 31, 2019 $210,300 Decrease in total liabilities during 2019 45,800
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