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Allen's Roofing posts $5,000 in net income and $200 in dividends for the year. How does this affect the retained earnings on the balance sheet?

Select only one.

A) Retained Earnings increases by $4,800

B) Retained Earnings increases by $5,000

C) Retained Earnings increases by $5,200

D) Retained Earnings decreases by $4,800

E) Retained Earnings decreases by $5,000

F) Retained Earnings decreases by $5,200

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