Able Corp.started business this year.For this year,it had revenues of $200,000,expenses of $150,000 and cash flows from operating activities of $40,000,and paid dividends of $5,000.What is the amount of Retained Earnings at the end of the company's first year of operations?

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The Answer of Able Corp.started business this year.For this year,it had revenues of $200,000,expenses of $150,000 and cash flows from operating activities of $40,000,and paid dividends of $5,000.What is the amount of Retained Earnings at the end of the company's first year of operations?

Able CorpStarted Business This Year