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6 A corporation had year end 2018 and 2019 retained earnings balances of $321,206 and $390,737, respectively. In 2019 the firm paid preferred dividends of

6 A corporation had year end 2018 and 2019 retained earnings balances of $321,206 and $390,737, respectively. In 2019 the firm paid preferred dividends of $13,605 reported net profits after taxes of $115,420 in 2015. The dividends paid in 2019 are *

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