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Millground Ltd increased its retained profits from 540,000 at 1 January 2021 to 600,000 at 31 December 2021. If the company paid dividends of 50,000

Millground Ltd increased its retained profits from 540,000 at 1 January 2021 to 600,000 at 31 December 2021. If the company paid dividends of 50,000 for the year ended 31 December 2021, then the profit for the year was:

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