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In Marigold Company, Treasury Stock increased $20200 from a cash purchase, and Retained Earnings increased $80700 as a result of net income of $119200 and

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In Marigold Company, Treasury Stock increased $20200 from a cash purchase, and Retained Earnings increased $80700 as a result of net income of $119200 and cash dividends paid of $39700. Net cash used by financing activities is: $119200. $59900. $38500. $18300

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