The Bailey Company had the following year-end balances in its accounts: Total assets $157,000 Total Liabilities 83,500
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The Bailey Company had the following year-end balances in its accounts:
Total assets $157,000
Total Liabilities 83,500
Total capital contributed 30,000
Total retained earnings ?
Total Income 93,700
Total Expenses 72,400
Total Dividends 5,000
What was the BEGINNING of Bailey Company's retained earnings?
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