The balance sheet of the Dupy Corporation shows a Retained Earnings balance of $3,500,000. An analysis of

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The balance sheet of the Dupy Corporation shows a Retained Earnings balance of $3,500,000. An analysis of the account revealed the following:

Analysis of Retained Earnings Arising from past earnings Donation of land by the city Amount paid in excess

Comment on the amount shown as Retained Earnings.

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