The Treasury Bank Corporation had retained earnings at the end of December 31, 2010 of $450,000. During 2011, the company had net income of $170,000 and declared dividends of $20,000. Retained earnings on the balance sheet as of December 31, 2011 will be:

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The Answer of The Treasury Bank Corporation had retained earnings at the end of December 31, 2010 of $450,000. During 2011, the company had net income of $170,000 and declared dividends of $20,000. Retained earnings on the balance sheet as of December 31, 2011 will be:

The Treasury Bank Corporation Had Retained Earnings at the End