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At the end of Year 2, retained earnings for the Baker Company was $1,950. Revenue earned by the company in Year 2 was $2,200, expenses paid during the period were $1,200, and dividends paid during the period were $600. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2

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Based on the revenue to Baker Company, and its expenses, and dividends, the beginning retained earnings was $1,550.

What was the beginning retained earnings?

This can be found as:

= Ending retained earnings - Revenue + Expenses + Dividends

Solving gives:

= 1,950 - 2,200 + 1,200 + 600

= $1,550

Find out more on retained earnings at https://brainly.com/question/25631040.

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