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John's corporation had $10,000 in retained earnings at the beginning of the year. During the year, the corporation earned $500,000 of revenues and paid $450,000
John's corporation had $10,000 in retained earnings at the beginning of the year. During the year, the corporation earned $500,000 of revenues and paid $450,000 of expenses including depreciation expense. They sold some equipment at a loss of $14,000 during the year and bought new equipment costing $25,000. At the end of the year, the retained earnings showed a balance of $18,000. During the year, the company also paid dividends to John. How much were the dividends that were paid during the year?
the correct answer is 282000, but I don't know how to get this number
sorry, the correct answe is 28000, but I'm still confused
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