Financial information related to In Good Taste Company for the month ended April 30, 2010, is as

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Financial information related to In Good Taste Company for the month ended
April 30, 2010, is as follows:
Net income for April $ 125,000
Dividends during April 18,000
Retained earnings, April 1, 2010 395,000
Prepare a retained earnings statement for the month ended April 30, 2010.

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