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As of the beginning of 2020, Lambert Company had a Retained Earnings Balance of 170,000. As of the end of 2020, the retained earnings balance

As of the beginning of 2020, Lambert Company had a Retained Earnings Balance of 170,000. As of the end of 2020, the retained earnings balance was 180,000. Net income for 2020 was 80,000. What were dividends declared and paid in 2020?

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