During 2020,Yee Corporation reported revenues of $327,000 and expenses of $130,000,and declared cash dividends of $65,000.Retained Earnings on January 1,2019 was $168,000.Prepare closing entries at December 31,2020.Calculate the balance in Retained Earnings on December 31,2020.

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The Answer of During 2020,Yee Corporation reported revenues of $327,000 and expenses of $130,000,and declared cash dividends of $65,000.Retained Earnings on January 1,2019 was $168,000.Prepare closing entries at December 31,2020.Calculate the balance in Retained Earnings on December 31,2020.

During 2020,Yee Corporation Reported Revenues of $327,000 and Expenses of $130,000,and