Listed below are three independent scenarios. Required: Compute the missing amount in each row. Assume no withdrawals
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Compute the missing amount in each row. Assume no withdrawals or dividends.
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Balance Sheet: Retained Earnings $30,000 (b) 50,000 Income Statement: Net Income Balance Sheet: Retained Earnings Scenario $25,000 30,000 (c) 1. 2. 3. $ (a) 70,000
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