The board of directors of Kenny G Corp. declared cash dividends of $260,000 during the current year.

Question:

The board of directors of Kenny G Corp. declared cash dividends of $260,000 during the current year. If divi- dends payable was $85,000 at the beginning of the year and $70,000 at the end of the year, how much cash was paid in dividends during the year?

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