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Additional information: Net income was $ 3 1 , 1 0 0 . Dividends declared and paid were $ 2 5 , 7 0 0

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Net income was $31,100. Dividends declared and paid were $25,700.
All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $7,500.
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