For the year ending December $31,2020,$ Kingbird, Inc. reports net income $$139,000$ and cash dividends $$83,000.$

Determine the balance in retained earnings at December $31$ assuming the balance in retained earnings on January $1,2020,$ was $$26,000.($List items that increase retained earnings first.$)$

Kingbird, Inc.

Retained Earnings Statement

$

$$

$$

$$

$$

$$

$$

$$

$$ $

$$

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