Question: Please provide the correct answer to this general accounting problem using accurate calculations. Beginning equity for a business is $310,000. It earns net income of

Please provide the correct answer to this general accounting problem using accurate calculations.

Beginning equity for a business is $310,000. It earns net income of $62,000 during the year, pays dividends of $28,000, and receives an owner investment of $10,000 in exchange for stock. What is the ending equity

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