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36. On January 1, 2019, Cumberland Electric's retained earnings balance was $63,000. In 2019, Cumberland produced net income of $55,000 and their ending retained earnings

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36. On January 1, 2019, Cumberland Electric's retained earnings balance was $63,000. In 2019, Cumberland produced net income of $55,000 and their ending retained earnings balance on December 31 was $85,000. How much did Cumberland pay in dividends in 2019? $22,000 $30,000 $33,000 $77,000

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