During the year, patriot partners had $245,000 in revenues, $120,000 in expenses, and $40,000 in declared dividends. what was the total change in retained earnings during the year?

Calculation of total change in retained earnings during the year:

Total change in retained earnings during the year can be calculated using the following formula:

Total change in retained earnings during the year = Revenues Earned during the year – Expenses incurred during the year – Dividends declared during the year

= 245000-120000-40000

= 85,000

Hence, total change in retained earnings during the year is $85,000

gary will be given more time to file an amended complaint.

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