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Cash dividends of $ 8 7 , 9 3 8 were declared during the year. Cash dividends payable were $ 9 , 7 4 7

Cash dividends of $87,938 were declared during the year. Cash dividends payable were $9,747 at the beginning of the year and $14,318 at the end of the year. The amount of cash paid for dividends during the year is
a. $87,938
b. $83,367
c. $78,191
d. $102,256

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