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A company reported total equity of $145,000 on its December 31, 2019, balance sheet. The following information is available for the year ended December 31,

A company reported total equity of $145,000 on its December 31, 2019, balance sheet. The following information is available for the year ended December 31, 2020: Revenues $210,000; Expenses $165,000; Paid in capital increased by $350,000; Liabilities decreased by $80,000; Assets increased by $220,000. How much is the dividends distributed by the company in year 2020 ?

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