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Comparative balance sheets and income statements follow. Enter answers in the tabs below. Assume that no additional notes payable are issued in Year 2. What

image text in transcribedimage text in transcribed Comparative balance sheets and income statements follow. Enter answers in the tabs below. Assume that no additional notes payable are issued in Year 2. What cash amount is paid to reduce notes payable in Year 2? Comparative balance sheets and income statements follow. Enter answers in the tabs below. Assume that all common stock is issued for cash. What cash amount is paid for dividends in Year 2

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