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1. In its first year of operations, United Universal Corporations earnings are $2.1 million. Retained earnings at the end of the year were $1 million

1. In its first year of operations, United Universal Corporations earnings are $2.1 million. Retained earnings at the end of the year were $1 million and contributed capital totaled $5.6 million. How much did the corporation distribute in dividends? a. $1.0 million b. $1.1 million c. $2.5 million d. $6.7 million

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