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Corporation has 220,000 shares of common stock outstanding and pays quarterly dividends of $0.26 per share. At the beginning of the currentyear, the balance in

Corporation has 220,000 shares of common stock outstanding and pays quarterly dividends of $0.26 per share. At the beginning of the currentyear, the balance in its accumulatedE&P account is $30,000.

what minimum amount ofE&P must the corporation generate in the currentyear?

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