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1. The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company

1. The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. What is the cash flow to stockholders?

A. -$75,000

B. -$26,360

C. -$2,040

D. $123,640

E. $147,960

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