Question: On January 1 , 2 0 2 2 , Teton Corporation had retained earnings of $ 1 1 , 2 4 0 , 0 0

On January 1,2022, Teton Corporation had retained earnings of $11,240,000. During 2022, Teton reported net income of $2,110,000, declared dividends of $710,000, and issued common stock for $1,420,000. What were Teton's retained earnings on December 31,2022?

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