For the year ending December 31, 2022, Sheridan Inc reports net income Ss147,000 and cash dividends $88.500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1. 2022 was $223.500. Balance in retained earnings

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.