Capri Inc. reported retained earnings of $185,500 on Decemb…
Capri Inc. reported retained earnings of $185,500 on December 31, 2022. During the year, Capri recorded a net loss of $85,050 and paid dividends of $47,500. The company had no other transactions that affected retained earnings. What must retained earnings have been on December 31, 2021?
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