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A firm's year-end retained earnings balances are $350,000 and $420,000, for 2018 and 2019 respectively. The firm reported net profits after taxes of $100,000 in

A firm's year-end retained earnings balances are $350,000 and $420,000, for 2018 and 2019 respectively. The firm reported net profits after taxes of $100,000 in 2019. The firm's dividend payment for 2019 is ____.

$30,000

$50,000

$70,000

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